Too many people put off buying their Calgary home due to market fluctuations. They want to make sure that the timing is absolutely perfect before going ahead and making their purchase. They may also be analyzing such things like interest rates and putting off making a decision until the timing is perfect.
One thing that you can bet on is that inflation is always going to rise no matter what is happening with the real estate market here in Calgary. This means that the value of each and every dollar that you have in your pocket right now it's only going to go down. There's no escaping that. It's a fact of life.
In Canada, there can be a lot of fluctuations in the market but they always get stabilized in the end. These fluctuations are very minor when compared to the bottoming out of the real estate in the United States and in global markets. If there's one thing that you can count on in life it is taxes, inflation and real estate stability in Canada.
All of the banking giants are not concerned about a real estate crash and neither should you be. Real estate rates are incredibly low right now and the Calgary market is as close to perfect for making a purchase as it could be. It's not the right time to sit on the fence anymore trying to analyze the situation. It's time to act and to get a home so that you can start building up equity in it.
If you're worried about the interest rates rising in the near future you should go ahead and get pre-approved for a mortgage at a rate that can be locked in for 120 days. Then you can start shopping with a real estate agent to help you find the perfect place.
Don't put off buying a property any longer. The longer you wait the more inflation is going to rise and there may be some point in time where home ownership will no longer be a real possibility for you.