Whether you’re buying, refinancing or just staying informed, here’s what to expect this season in Airdrie’s real estate scene.
The Canadian housing market is stabilizing after years of rate hikes and economic uncertainty. Some regions are seeing renewed buyer activity, while others are more balanced as sellers adjust expectations. Interest rates remain steady, with potential cuts speculated, but not guaranteed. Affordability is still a challenge, so locking in a competitive rate now may be wise, rather than waiting for uncertain changes.
FOR BUYERS
Summer often brings more listings — great for choice, but also for competition.
- Get Pre-Approved: Knowing exactly how much you can afford before you start house-hunting gives you a competitive edge.
- Act Fast, But Stay Smart: Be ready to move on the right home, but avoid rushing. Waiting for lower rates could backfire if prices rise with increased demand.
- Think Long-Term: Mortgage rates are important, but so are terms, flexibility and long-term affordability. A well-structured mortgage can save you money over time.
FOR HOMEOWNERS
If you’re a homeowner with a mortgage coming up for renewal, now is the time to review your options. With rates going up over the past two years, you may be facing higher payments than before. However, lenders are competitive, and there may be opportunities to restructure your mortgage to better fit your financial goals. A mortgage review can help you determine whether refinancing, switching lenders or adjusting your term length makes sense.
FOR SELLERS
Price your home realistically. Overpricing leads to delays; fair pricing attracts serious buyers. With more inventory, presentation matters — declutter, stage and invest in quality photos to stand out.
PLAN AHEAD
This season is full of opportunity, but also complexity. Whether you’re buying, selling or refinancing, thoughtful planning and expert advice make all the difference.
Brie Robertson and Katie Whyte are Mortgage Brokers and Owners of Illuminate Mortgage Group.
