10/29/2026
A CHANGING MARKET CAN CREATE OPPORTUNITY.
The Bank of Canada raised its policy rate to 2.50% on October 28 as its inflation outlook worsened. What does this mean if you’re thinking about buying or selling?
FOR BUYERS
Higher borrowing costs can affect your budget. But if competition eases, you may find more negotiating room on price, conditions and closing dates.
Buying now could make sense when the property, price and monthly payments fit your financial situation. Confirm your financing first—then be ready to act when the right opportunity appears.
FOR SELLERS
Buyers may become more cautious and price-sensitive. Realistic pricing, strong presentation and effective marketing become even more important. Price your home based on today’s comparable sales and competition.
BUYING AND SELLING?
Look at the whole picture. You may receive less for your current home while negotiating a better purchase price on your next one. The difference between the two matters.
My view: you don’t need to wait for a perfect market to make a smart move. You need the right plan.
📞 Ready to buy or sell? Contact us for a private consultation.
(416) 268-7770