Bank of Canada Rate Cut: What It Means for You

The Bank of Canada has officially lowered its overnight rate from 2.50% to 2.25%, the first cut in months. This move is expected to give the housing market a boost across all regions, with lower borrowing costs and renewed buyer confidence.

Even a small drop like this can make a difference—on a $1,000,000 mortgage, a 0.25% decrease can lower monthly payments by around $100–$120. That means more buyers entering the market and more opportunities for sellers.

How It Affects Buyers

Lower rates mean more purchasing power. If you’ve been waiting for better affordability, this could be the moment to lock in a great rate and find the right home.

Now is the time to:

• Get pre-approved before demand picks up again

• Explore listings that fit your goals

• Take advantage of lower payments while they last

👉 View Homes for Sale

How It Affects Sellers

For sellers, this rate cut could be a turning point. As affordability improves, more buyers re-enter the market—often leading to quicker sales and stronger offers.

If you’ve been waiting for the right time to list, the next few months could be ideal.

👉 Get a Free Home Evaluation

Market Outlook

Economists expect rates may drop again in the coming months if inflation continues to ease. With steady demand and limited housing supply, real estate markets across the Fraser Valley and Metro Vancouver are likely to stay active heading into 2026.

Let’s Talk Real Estate

Whether you’re buying or selling, I can help you make the most of the current market shift.

📞 Contact Jared Gibbons
Top 1% Fraser Valley Realtor | Royal LePage Northstar Realty
🌐 www.jaredgibbons.ca