A recent Bank of Canada study is shining a light on something I often see firsthand in Calgary: while lower interest rates can make borrowing more attractive, they tend to drive up demand for homes almost immediately. But here’s the catch—actual housing supply takes about two years to catch up, if it does at all. That means prices can rise fast, and with building costs staying high, it doesn’t always get easier to afford a home. As someone who’s helped families navigate these shifts—whether finding that perfect first place or making the move to something that fits your new lifestyle—I know affordability isn’t just about the rate you get from the bank. It’s about timing, options, and understanding the big picture. If you’re thinking about your next move, let’s make sure you’re ready, no matter what the market is doing.
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