Mandeep Maan

Canada’s central bank said house prices should inform rate decisions, not become the target, because interest-rate policy cannot solve affordability on its own.
An official said low, stable, predictable inflation offers the strongest support for affordability, while borrowing costs remain a blunt tool for housing demand.
Officials called for a broader policy mix that increases supply, protects resilience, reduces reliance on rising house prices, and carefully streamlines regulatory barriers.
Officials said there are no simple fixes: higher rates can slow prices and construction, while lower rates can lift affordability yet also fuel demand.
With headline inflation near ~3% and core measures close to target, markets still priced additional rate hikes into next year for Canada.

Canada’s Central Bank Won’t Target Home Prices

Preliminary Late-Q3 figures suggested Calgary stayed slow, with ~1.65K sales and new listings ↓~11% yearly as the market awaited a fuller update.
Sales also came in ↓~4% yearly in Late-Q3, showing buyer activity remained softer even before the local board released its complete monthly figures.
The full Late-Q3 report was still to come, so these preliminary numbers offered an early read rather than the final picture for Calgary.
For sellers, the shifting balance meant pricing carefully mattered more; homes aimed too high could sit longer as buyers compared more alternatives.
For buyers and sellers, Calgary's latest preliminaries signaled a market worth watching closely, with the complete Late-Q3 release still pending for guidance.