“Expectations are growing that central banks will soon have to raise their interest rates to keep a lid on inflation, which has run up to the highest level seen in decades,” says a new CBC article (Calgary home prices expected to keep climbing, even as hot market eases from record levels).

While the Bank of Canada opted to hold rates steady today, Alberta Central’s Chief Economist Charles St-Arnaud forecasts the central bank to increase rates in the spring by 25 basis points for three consecutive meetings and at one additional meeting before the end of the year.

For information on the housing market, interest rates, economic recovery and more, read the 2022 Alberta Central Economic Outlook here.

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