Interest Rates Hold Steady: What It Means for Buyers & Sellers 
Canadian homeowners & buyers, this is your moment to strategize!
The Bank of Canada just announced it’s holding rates at 2.75%—a pivotal signal for the housing market. Here’s what you need to know:
For BUYERS:
Negotiation Power: With rising inventory and low competition, you may find better deals (especially in condo markets!).
Mortgage Flexibility: Fixed rates are as low as 3.79%, while variable rates start at 3.95%. Choose based on your risk tolerance!
Timing Advantage: Experts predict potential small rate cuts later this year—act now to lock in stability.
For SELLERS:
Price Smart: Stand out in a slower market by pricing competitively. Buyers are cautious but still looking for value!
Watch for Shifts: Trade policies or future rate changes could impact demand. Now’s the time to plan strategically.
Why This Matters:
Over 1.2 million mortgages are up for renewal this year. If you’re renewing, negotiate with lenders—banks are eager for your business!
Don’t wait for uncertainty to pass. Seize clarity in today’s market!
