April 14, 2025 -- Bank of Canada holds rates at 2.75%

As someone who’s constantly bombarded by flashy real estate content on social media, I usually prefer to let my work speak for itself. But lately, I’ve been getting a lot of questions about where the market is headed, especially after today’s Bank of Canada interest rate announcement. What's happening right now is too important for me not to chime in, so let's cut through the noise. Here's what you need to know.

Today, the Bank of Canada held interest rates steady, meaning no increase and no drop. It’s a cautious, “wait-and-see” approach. And while that might be disappointing for folks hoping for a rate drop, it’s worth remembering: when borrowing gets cheaper, more people jump into the market, which usually pushes home prices up.

This pause could be your window of opportunity for potential buyers: More inventory is hitting the market this spring, giving you more options. Prices are staying steady and relatively low (for now), which gives you some breathing room to make smart, well-informed moves, but the coming months could shift things dramatically.

For sellers: confidence is building, but we aren't seeing buyers rush to the market just yet. Listings are increasing, which means more options for buyers. Sellers will need to be strategic and realistic about their pricing. 

If you’ve been on the fence, now might be a good time to explore your options before the market shifts again.

Whether you're thinking of buying, selling, or just trying to make sense of what this all means for your plans, the big takeaway from today's announcement is this: While there is too much uncertainty for the Bank of Canada to make a move, the next one could drive the market in a direction that may not be favourable to your plans. 

The focus should ALWAYS remain on what you are trying to achieve. I’m always happy to talk about strategies to win in these uncertain times. Feel free to reach out.