After the aggressive rate hikes of 2022-2023, the Bank of Canada has been gradually easing rates.
Most economists expect another 50-75 basis points of cuts through the remainder of 2026.
For buyers, this means improved affordability compared to 2023-2024.
For sellers, lower rates mean more qualified buyers in the market.
The key takeaway: do not try to time the rate cycle perfectly. Focus on your personal financial situation and goals.
We always recommend speaking with a mortgage professional to understand your specific options.
