27 | We’re Back ☕️ And There’s A LOT To Catch Up On

<p>After taking August off, Annie &amp; Paula are back behind the microphones — and the timing couldn’t be better.</p><p>The Calgary real estate market is heading into its traditional fall season, while the Canadian economy is navigating tariffs, inflation, interest rates and a whole lot of uncertainty.</p><p>So… what actually matters?</p><p><strong>🏡 The August real estate market</strong></p><p>Showing activity softened 5% week-over-week for the second consecutive week — but with summer winding down, vacations ending and Labour Day landing when it did, that isn’t necessarily a red flag.</p><p>More importantly, sales increased another 7% week-over-week, marking three consecutive weeks of improving sales.</p><p>We break down why showings and sales don&#39;t always move together at the same time, and why September may give us a much better read on where the market is actually heading.</p><p><strong>📊 There isn&#39;t one Calgary market</strong></p><p>Buyer activity continues to look different depending on price point.</p><p>We talk about where showing activity is strengthening, where it&#39;s softening and why the headline “Calgary&#39;s market is up/down” doesn&#39;t tell the whole story.</p><p><strong>🏠 The September inventory question</strong></p><p>New listings declined another 2% week-over-week, marking three consecutive weeks of declining new-listing volume.</p><p>But September could bring sellers back into the market.</p><p>The big question we&#39;re watching:</p><p><strong>Do buyers come back faster than new inventory?</strong></p><p><strong>💰 The Bank of Canada</strong></p><p>The Bank held its overnight rate at 2.25% on September 2.</p><p>With inflation still around 3%, slower growth and increased uncertainty from tariffs, we talk about why the Bank is in a tricky position — and why rate stability matters for buyers and homeowners.</p><p><strong>🇨🇦 Canada&#39;s counter-tariffs are now in effect</strong></p><p>This is the big economic update since our last episode.</p><p>Canada has implemented counter-tariffs ranging from 15–50% on approximately $28 billion of U.S. imports.</p><p>ATB estimates the tariffs could add roughly 0.2–0.3 percentage points to inflation and shave approximately 0.5 percentage points from Canadian GDP growth.</p><p>For Alberta, the estimated macroeconomic impact is smaller — around 0.2 percentage points — although the impact will vary significantly from business to business.</p><p><strong>🌾 What does this mean for Alberta?</strong></p><p>We talk about the bigger conversation happening around trade diversification, removing internal trade barriers and expanding Canada&#39;s access to international markets.</p><p>It&#39;s not as simple as saying tariffs are “good” or “bad.”</p><p>But they are forcing Canada to confront how dependent we are on our largest trading partner — and what we might do differently going forward.</p><p><strong>📉 Are we heading for a recession?</strong></p><p>ATB&#39;s current base case is slower growth and higher inflation, but <strong>not a recession.</strong></p><p>So what should we actually be watching?</p><p>The U.S. response.</p><p>Inflation.</p><p>Employment.</p><p>Interest rates.</p><p>Business confidence.</p><p>And, closer to home, what happens to buyer and seller activity in September.</p><p>Probably less than the headlines make you think.</p><p>The economy matters. Rates matter. Consumer confidence matters.</p><p>But housing is local.</p><p>And people still need homes.</p><p>Families still upsize. People still move. Businesses still grow. Life keeps happening.</p><p>So rather than trying to perfectly predict the market, we&#39;re heading into fall focused on understanding the data and helping buyers and sellers make decisions that actually make sense for <strong>their</strong> situation.</p><p><br></p><p>Hosted by Annie Demello &amp; Paula.</p>