MMG Mortgages

Your Bi-Weekly Economic Update!

Alberta continues to show resilience as we move through the summer, with strong population growth, ongoing economic activity, and continued demand supporting many areas of the housing market.

The Bank of Canada continues to take a cautious approach as inflation remains a key focus. With inflation moving higher recently, policymakers are balancing the need to support economic growth while ensuring price pressures do not become more persistent.

Alberta remains an attractive market for many buyers due to relative affordability compared to other major Canadian markets. We continue to see buyers who are focused on long term planning, taking advantage of opportunities, and preparing for their next move.

As we approach the next Bank of Canada announcement, the focus remains on inflation, economic growth, and what that could mean for future rate decisions.

Whether you are buying, renewing, refinancing, or simply planning ahead, our team is here to help you understand your options.