As predicted, due to limited supply of houses in Calgary and surrounding areas, the prices have begun to quietly creep up. Now the rest of North America is still in a bit of a chilly market but Calgary remains strong due to inter-provincial migration and the nearly 450 Ukrainian refugees settling in Calgary each week! So if you thought you could put off buying, its time to get going. The Bank of Canada may still raise interest rates again due to OPEC just announcing today that it will limit oil production - raising the price per barrel and fueling inflation. So if you are waiting for prices to come down - they aren't.