Battling Inflation & Its Ripple Effects: The Impact of High Interest Rates on Alberta’s Real Estate Market
We are experiencing an unprecedented convergence in the economic ramifications of the pandemic, rising inflation resulting in costly daily essentials, and skyrocketing mortgage rates.
We are in unchartered territories as professionals and consumers alike. This project will have two research components, designed to run concurrently with the goal of filling a critical research gap needed to help provide clarity and chart direction in our present market conditions.
The first component will analyze inflation, interest rates and their effect on property values and consumers’ willingness to pay, and the second will assess home buyers and renters’ perspectives on inflation, interest rates, and housing affordability in Alberta.
Amount Funded
$150,000
Year Funded
2023
Funding Priority
Built Environment: Support consumers as successful tenants or homeowners.
Contributor
University of Alberta, Faculty of Agricultural, Life & Environmental Sciences
The Faculty of ALES at the U of A provides solutions to global challenges, such as agriculture and food, the environment, community and individual well-being, and bioresource innovation.
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