The Bank of Canada has lowered its key rate to 2.75%, aiming to maintain economic stability amid growing trade tensions and inflation concerns. Housing demand has been strong due to past rate cuts, but with inflation projected to rise to 2.5% and global uncertainty increasing, this could change fast. The labour market is showing signs of slowing, adding another layer of complexity.
Sellers: Now is a prime moment to list while buyer demand remains high and before economic shifts impact purchasing power. Getting ahead of the market could mean securing top dollar for your home.
Buyers & Investors: Lower borrowing costs make homeownership and investment more attractive, but staying ahead of market changes is key.
Thinking of selling? Let’s strategize your next move! Contact me today.
