10/30/2025
Big news today for Canadian home buyers and sellers📉
The Bank of Canada has just dropped its key interest rate to 2.25%, marking a shift in borrowing costs and market dynamics.
Here’s what you need to know:
✅ Lower mortgage payments or higher purchasing power
✅ Potential uptick in buyer demand, important for sellers to stay sharp
✅ If you’re renewing or refinancing, now is the time to review your options
Bank of Canada governor Tiff Macklem said last week that he expects the labour market and economic growth to remain soft for the rest of the year.
➡️ Want to talk about how this affects your next move? Whether you’re buying, selling or optimizing your mortgage, let’s connect early and set the right plan.