Advertisement 4Roland and Brenda Kalisch, who were enjoying the Calgary Stampede on Tuesday afternoon, said they’ve been most impacted by the rising cost of groceries.
“Between the travel points we need to use up and travel vouchers, it’ll be cheaper than a road trip to B.C.,” said Roland. “It does make you look at other options that we normally wouldn’t have.” “As rates have started to go up, we’ve definitely seen demand cool a little bit and we’re starting to see our market stabilize,” said Frances Dares, a real estate broker for Urban Upgrade & Newinfills in Calgary.
“It’s not happening so much now where people are overbidding to the degree that they were, but at some points for a $500,000 home there were people coming in and bidding somewhere close to $700,000,” she said. “That’s unheard of in our market since probably 2006, 2007.”Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calgarians brace for another interest rate hikeWith the Bank of Canada set to raise interest rates again on Wednesday, Calgarians are bracing for the pain to their bottom line.
Source: calgarysun - 🏆 63. / 52 Read more »
Bank of Canada raises key interest rate by 1 per centThe Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. Wth. Need more rate hikes Inflation is not the problem. Inflation is the result of the problem when our government printed too much money, raised taxes (like the carbon tax) and refused to stop its out of control spending.
Source: CP24 - 🏆 30. / 67 Read more »
Bank of Canada delivers jolt with 100 basis point interest rate hikeThe benchmark borrowing rate is now 2.5 per cent as policymakers move aggressively to confront inflation, Kevin Carmichael writes. Read on.
Source: VancouverSun - 🏆 49. / 61 Read more »
Royal LePage cuts home price forecast for GTA amid series of aggressive interest rate hikesRoyal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for housing. Only houses on the market will be the ones that can no longer pay the mortgage
Source: CP24 - 🏆 30. / 67 Read more »
Bank of Canada delivers jolt with 100 basis point interest rate hike to crush inflationThe benchmark borrowing rate is now 2.5 per cent as policymakers move aggressively to confront inflation, Kevin Carmichael writes. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »
Bank of Canada raises interest rate 100 basis points in super-sized hikeThe Bank of Canada raised interest rates by 100 basis points on Wednesday, bringing its key rate to 2.25 per cent. Read more. Poll: Should bankofcanada be blamed for a recession? Looking forward to the bumper crop of housewives starting Onlyfans 2.5 percent, that's it? Nothing to see here...
Source: nationalpost - 🏆 10. / 80 Read more »