🇬🇧
Welcome to 2025! Wishing you success, happiness, and precious moments with your loved ones throughout the year.
The real estate market is closely tied to mortgage rates, which depend on the Bank of Canada's (BoC) policy rate.
📅 BoC’s rate announcement dates for 2025:
• January 29 | March 12 | April 16 | June 4
• July 30 | September 17 | October 29 | December 10
In 2024, the BoC lowered its policy rate by 1.75% over five cuts. In 2025, the pace is expected to slow due to rising inflationary pressures in Canada and the U.S.
Market forecasts predict two additional cuts totaling 0.5%, likely mid and late year. This stability should boost confidence among buyers and sellers, encouraging more transactions.
I’ll keep you updated on mortgage rate trends throughout the year! Stay tuned:)