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Calgary Housing Market Forecast: What's Next for Rates & Sales? In this edition of Calgary Living, we sit down with real estate expert Bryon Howard and seasoned mortgage broker Josh Tag to bring you a comprehensive update on the Calgary real estate market as of late August 2023. This is more than just a market report; it's a look at the forces shaping the future of housing in Calgary. We dive deep into the anticipated Bank of Canada rate announcement on September 17th and the surprising possibility of a US Federal Reserve rate cut. Josh shares his expert analysis on why the likelihood of a Canadian rate cut is low, despite a strong chance in the U.S., and how lower-than-expected inflation in July could still influence the Bank of Canada's decision. For the first time since the start of the COVID-19 pandemic, the Calgary real estate market is showing signs of balancing out. We discuss the recent slowdown, particularly in apartment sales, and the resulting increase in inventory and stabilizing prices. While this may feel like a cooling period, it could be the start of a more balanced, sustainable market for both buyers and sellers. We also explore the potential for additional rate cuts later in the year and what that could mean for future market activity. This is a must-watch for anyone looking to buy, sell, or simply understand the Calgary housing market in this transitional period. What you'll learn in this video: Real-time market data for Calgary's real estate in late August 2023. The impact of interest rate announcements from the Bank of Canada and the US Federal Reserve. Why the Calgary housing market is shifting towards a more balanced state. Specific insights on the slowdown in apartment sales and its effect on inventory and pricing. Expert projections on what to expect for the rest of 2023. For a deeper dive into mortgage information and personalized advice, connect with Josh Tag at mortgagesforless.ca. Don't forget to like, share, and subscribe for more essential updates on Calgary Living! #CalgaryRealEstate #CalgaryHousingMarket #MortgageRates #BankofCanada #RealEstateMarket2023 #CalgaryLiving #BrianHoward #JoshTag #InterestRates #HousingMarketTrends