As Alberta's economy recovers from a disastrous year, economic projections from Alberta's government are pointing towards a rebound in 2021. Oil prices are up, unemployment is down, and real GDP growth is well into the positive again. But what will happen to mortgage rates in Alberta?
Many Albertan homeowners have been bracing for mortgage rate increases amid rumblings from the Bank of Canada about future hikes. Yet, current Alberta mortgage rates are still at record-low levels. A large concern looming over the minds of many is ever-increasing levels of inflation. Consumers have certainly noticed price increases for groceries, while others who have been accustomed to certain low prices see a rebound in the economy, resulting in a rebound in
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