09/19/2025
Wednesday’s BoC 25 bps rate cut was the second one of the year, and the first one since March.
BoC rate: 2.5%
This rate cut is assigned with economists’ predictions announced earlier this month, aligning with the U.S. Fed rate cut. Both countries showed a cooling labour market in recent months. In August, Canada’s unemployment rate rose to 7.1%.
Inflation is still the focus based on BoC’s monetary policy. While some areas of inflation are down, core inflation is still above the BoC’s target of 3%.
Analysts forecast another 25 bps rate cut before the end of the year.
We’ve experienced more buyers returning to the market. The vast majority of them have been investors & those looking for a lifestyle change (i.e.— upsize, downsize)— however, we’re starting to see more first timers and even g combined families.
These buyers have healthy budgets and are being very intentional about the homes they’re exploring. Buyers are still dictating market prices, with the majority of homes selling below ask. It is vital for sellers to understand the importance of being priced correctly. As we’ve seen, sellers operating within outdated market conditions end up pricing themselves out of the market.
What does all of this mean for your unique scenario? How can you best position yourself for a move?
We’re happy to chat! Message, call, or email us to help you clarify your next steps & get the ball rolling.
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Anita Sandy & Camille Seguin, REALTORS®
REMAX Hallmark® First Group Realty Ltd., Brokerage
RISE Real Estate Group
📱 (416) 569-4662 | (647) 892-2789
📧 [email protected]
