Bank of Canada Holds Rates Amid Trade Uncertainty

The Bank of Canada has maintained its policy rate at 2.75% as of April 16, 2025. While inflation is currently at 2.3%, global trade tensions—particularly stemming from shifting U.S. policies and rising tariffs—are adding uncertainty to the economic outlook. For now, the Bank is taking a cautious approach, aiming to balance inflation control with support for growth.

For the real estate market, this decision offers some reassurance. With borrowing costs holding steady, buyers continue to benefit from relatively affordable financing options—especially important as the spring market picks up steam. Sellers may also find that stable rates help keep potential buyers engaged, even amid broader economic uncertainty.

Locally, we’re seeing gradual momentum build as both buyers and sellers re-enter the market, albeit carefully. Lower interest rates compared to recent highs are giving many the confidence to take the next step—especially first-time buyers and those looking to make a move after holding off.

Thinking about buying a home this spring? With steady interest rates and more listings hitting the market, now is a great time to explore your options. Let’s connect to discuss your goals, financing opportunities, and what to expect in today’s market—so you can shop with clarity and confidence.