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
…
The modern way of life can be very taxing on your monthly budget, especially if you have a front or backyard to attend to. If you’re a homeowner, then you know all too well that the cost of living can sometimes be higher than you would like, and so you need to look for ways to save up.