What’s Next?

Last week the Bank of Canada announced its seventh consecutive rate cut, bringing the key interest rate down to 2.75%. With additional cuts expected, mortgage rates could continue to decline, making home ownership more affordable for many buyers.

Bank of Canada head office | Ottawa, Canada

At the same time, the real estate market is shifting. A surge in new listings has increased inventory, giving buyers more choices and, in some cases, more negotiating power. The days of intense bidding wars are fading, and multiple offers are becoming less frequent. For those who’ve been waiting on the sidelines, this could be the window of opportunity they’ve been hoping for.

However, the response from buyers has been measured so far. While lower rates are enticing, factors like inflation, trade tensions, and job security concerns are making some hesitant to jump into the market just yet. Many are watching closely, waiting to see if rates fall further or if economic stability improves before making a move.

The next few months will be critical in determining where the market heads. Will rate cuts be enough to restore buyer confidence? How will inflation and employment trends impact decision-making? These are key questions that will shape the market’s trajectory.

As always, I’m here to help you navigate these changes. Whether you're considering buying, selling, or simply want to discuss the latest market trends, feel free to reach out. Let’s make informed decisions together.