Hey, I totally get it—things feel pretty uncertain right now. Interest rates keep shifting, the economy’s unpredictable, and the real estate market is always changing. It’s natural to feel a little unsure about making a move. But here’s the thing—uncertainty also creates opportunity.
Remember markets go through cycles, and right now, there are some solid chances to get ahead. Whether it’s motivated sellers, less competition, or better financing options, the right strategy can put you in a great spot.
In this blog, we’ll explore why now could be a great time to make a move.
Taking Advantage of Low Interest Rates:
As of March 12, 2025, the BOC reduced its interest rate by 25 basis points to 2.75%, marking the lowest level since 2022. This move creates a favorable environment for homebuyers. With interest rates being at a low and with a healthy supply of homes in the market, now is an excellent time to enter the market—whether you’re purchasing your first home or looking to upgrade.
Low interest rates are a big deal because they can make owning a home way more affordable. You’ll pay less each month on your mortgage, which adds up to thousands of dollars saved over time. Plus, lower rates give you more buying power, so you might qualify for a bigger loan without breaking the bank. This means you could snag a better home, a nicer neighborhood, or extra features that might be out of reach when rates go up.
Locking in a low fixed-rate mortgage now offers long-term financial stability, shielding homeowners from potential rate hikes. While current owners enjoy predictable payments, future buyers could face higher borrowing costs for the same home. The market may feel quieter amid global uncertainty, but as warmer weather arrives, more buyers are likely to enter, increasing competition and driving up prices. Acting now gives buyers the advantage of a less competitive market before demand surges.
Ultimately, buying a home at a low interest rate not only keeps monthly costs manageable but also helps build equity sooner. As home values continue to rise, waiting could mean paying more in the future. If homeownership is on your radar, now is the time to act before market conditions shift.
Calgary Real Estate Board (CREB) Stats Feb 2025:
CREB releases monthly statistic reports and it was reported for the second month in a row, inventory saw a big year-over-year jump, climbing 76% to 4,145 units. While listings were up across all price ranges, the biggest gains were in homes under $500K, thanks to a surge in more affordable apartments and townhouses. Months of supply sat at 2.4—about the same as last month but more than double what it was a year ago (apartment-style units had the most inventory, with 3.1 months of supply).
“Even though more homes hit the market, sales were lower than in February 2024,” said Alan Tennant, President and CEO of CREB®. “That’s taking some of the pressure off sellers, easing the competitive market we’ve had for the past few years. It’s also slowing price growth a bit, which is good news for buyers.”
The unadjusted benchmark price for all residential properties was $587,600 in February—holding steady compared to late 2024 and up about 1% year-over-year. Prices varied across the city, with the City Centre and North districts seeing slight declines, while the East district led the way with over 3% growth.
Conclusion:
If you’re in a good spot financially and mentally ready, now’s the time to make moves. The most desired homes in the most desirable areas are still selling fast, but don’t let that stress you out—there are plenty of great options out there. You might not find “the one” right away, but the perfect home is more of a myth anyway. With the right mindset and a little patience, you’ll find a place that fits your needs and sets you up for long-term success.
So if you’re thinking about making a move, now’s a great time to start looking before the market gets even busier. Let’s find the right home for you!
