Interest rates, economic uncertainty impacting Calgary market
For Calgarians Matt and Vanessa Haug, the stars aligned when they decided to purchase a new home in southeast Calgary.
The couple cited low interest rates and competitive house prices behind their decision to act now rather than wait – a sentiment slowly emerging since energy-sector uncertainty took hold in Calgary’s housing market late last year.
“We got 2.69 [per cent] on a five-year fixed rate. It definitely impacted our decision,” said Matt, who also cited house prices behind their decision to buy and noted the lower rate did not impact how much they ultimately spent on their new home. (more…)