What to Expect After the Rate Cut

What happened: With the first rate cut in months, the Bank of Canada has signaled that it is more confident that inflation is moving under control.

Why it matters for mortgages: If this trend continues, we could see more cuts down the road. That means variable rates may keep getting more attractive, while fixed rates will still follow bond market movements.

For Realtors: Rate cuts often spark fresh buyer activity. Be prepared to guide clients who are suddenly ready to make a move.

For Clients: It's tempting to wait for "the next cut", but timing the market perfectly is tough. Acting now could lock in savings and position you ahead of other buyers who jump back in later.

Reach out and let's build a strategy that takes advantage of today's lower rates, while keeping you ready for what's next.