The Bank of Canada just announced a new interest rate cut — and this move has the potential to shake up the real estate market across the country, including right here in Calgary. Whether you’re planning to buy, sell, or simply keep an eye on your home’s value, this is news worth paying attention to.

🏡 What It Means for Buyers

Lower interest rates usually translate into lower borrowing costs. That can mean:

• More affordability: Your monthly mortgage payments may go down, making more homes fall within reach.

• Stronger buying power: You may qualify for a larger mortgage than before, giving you more flexibility in your search.

• Renewed opportunities: Homes that seemed “just out of budget” last month may now be realistic options.

But here’s the key: affordability isn’t just about interest rates. Inventory levels, competition from other buyers, and neighborhood trends all play a role. That’s where working with a local REALTOR® can give you an edge.

🏠 What It Means for Sellers

Sellers, this could be your moment. Lower interest rates often encourage buyers to re-enter the market, and that can mean:

• Increased demand: More active buyers = more showings and stronger offers.

• Faster sales: A shift in affordability can speed up timelines as buyers move quickly to secure a home.

• Greater confidence: Buyers who were previously hesitant may now feel ready to make a move.

If you’ve been considering listing your home, now may be the right time to take advantage of growing demand. With the right pricing and marketing strategy, you can maximize your selling power.

🌆 What It Means for Homeowners

Even if you’re not planning a move right now, it’s still smart to stay informed. Lower rates can influence property values in your community, and keeping track of these changes helps you understand your home’s position in the market.

✨ The Bottom Line

Interest rate changes don’t just make headlines — they influence real estate decisions every day. Whether you’re buying, selling, or just keeping an eye on your home’s value, local expertise is key to making confident choices.

📩 Let’s Chat

Thinking about making a move this year? Or just curious how this interest rate cut might affect your plans? I’d love to walk you through what this shift means here in Calgary’s market.

👉 Contact me today for a personalized consultation.

Sharon Shepherd – Calgary REALTOR® with eXp Realty