The Bank of Canada has maintained its policy interest rate at 2.75%, choosing to pause once again amid evolving economic conditions. With a new government now in place - led by a former Canadian central banker - there is growing interest in how future economic strategies will address current challenges facing both consumers and the broader economy.

Shifts in economic policy and market sentiment are already influencing the housing sector. Higher borrowing costs and cautious consumer behaviour have contributed to a more balanced market, with increased inventory and more favourable pricing.

For financially stable buyers actively searching for a home, this period of transition presents an opportunity with a more attractive environment for entering the market and exploring home ownership.

John Chrisanthidis, Mortgage Broker (FSCO Lic. M08001294 Mortgage Intelligence FSCO Lic. 10428)

✉️ [email protected]

☎️ 416-890-1365