07/31/2026
The Bank of Canada held its overnight rate at 2.25%, meaning there is no immediate change to variable-rate mortgages or HELOC’s.
The Bank says Canada’s economy is gradually improving, inflation is expected to ease over time, and housing activity appears to be stabilizing.
Combined with the recent market stats from June, this means we’re going to see stability continue while the market adjusts for buyers and sellers across Nova Scotia.
It was a much slower spring market than any of us have seen in the craziness of the last few years, but we’re hoping to see buyer activity becoming more consistent as the market moves to a healthier balance.
Slow feels scary, but the predictability that comes with a slower market is good for everyone.
If you’re wondering what this all means for you, and how it affects your buying or selling plans, I’d be happy to chat with you!
https://www.realestatewithtina.com/contact