Found 2 blog entries tagged as home buying costs.

The Bank of Canada has just made its first interest rate cut since March. On September 17, 2025, the overnight benchmark rate was lowered by 25 basis points from 2.75% to 2.50%. This decision marks a shift from recent months of holding steady. In this post, we’ll break down what the change means, how it affects mortgage costs in Calgary, and what homeowners, buyers, and sellers should be considering now.

What the Announcement Was

  • The Bank cut its key policy rate by 0.25%, bringing it to 2.50%, citing a “weaker economy,” rising unemployment (above 7%), and fewer inflation risks.

  • This is the first rate cut since March 2025.

  • The BoC noted that while inflation remains relatively stable and within target, economic pressures — such…

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Quick take: Even though Alberta uses the Torrens land-titles system (the province guarantees title accuracy), title insurance still protects you from costly risks the government guarantee doesn’t cover — like title fraud, unpaid taxes or liens, survey/encroachment problems, building-permit issues, and closing “gap” risks. Most lenders require a lender’s policy; smart buyers add an owner’s policy for full protection. Sources: BLG, Alberta.ca, RECA, Canada.ca.

What is title insurance (in plain English)?

Title insurance is a one-time premium policy that protects against losses tied to your property’s legal ownership (“title”). There are two kinds:

  • Lender’s policy: Protects the bank’s interest in your mortgage (often required).
  • Owner’s…

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