Even a slight increase in mortgage interest rates can offset a significant drop in home prices. There is little to gain and much to lose by waiting to buy in the current Calgary's real estate market where home prices rebound and interest rates are to go up. Many clients want to wait hoping the prices will decrease. Consider the following scenario assuming the prices go down (not likely) and interest rates go up (very likely): Buy now scenario: Home price $430,000 Interest rate 5% Monthly ...