Bank of Canada Rate Cut vs. Tariffs: Which Will Dictate the Spring Market?
Clay Jarvis | Nerdwallet • April 1, 2025
Under normal circumstances — anyone remember what those feel like? — falling mortgage rates would be fuel for the spring housing market. But it’s hard to start a fire when the Canadian economy is soaked through with tariff-related fear and uncertainty.
The Bank of Canada is doing what it can to warm home buyers up. By lowering the overnight rate for the seventh consecutive time today, the Bank has helped slash 2.25% from variable mortgage rates since June 2024.
Once lenders absorb today’s cut, both five-year variable rates and the most common fixed rates will be available for below 4%.
Historically, those are approachable rates. But we’ll soon find out how little rates matter when home buyers face an unprecedented threat to their livelihoods.
Family Day Weekend is just around the corner, and there’s no better place to spend it than in the Township of Langley. Find out more
In this replay of Andy Talks Real Estate, I break down the latest housing numbers from the Fraser Valley Real Estate Board — and what they mean if you're buying or selling in Langley or the Fraser Valley right now. 📈 Sales are up month-over-month 🏘️ Listings are way up compared to last year 🏠 Detached prices dipped slightly 🧍♂️ Buyers are still hesitating... but inventory is strong ⏳ We may be bouncing along the bottom With over 30 years of experience, I’ve seen these cycles before. If you’re waiting for the perfect moment, you might miss it. Let’s chat about your next move.
The widening of Highway 1 will bring a brand new type of interchange to the Fraser Valley—and leave motorists briefly driving on the “wrong” side of the road.. Read More
