10/29/2025
🏦 BoC cuts rates, what does this mean for the market?
The Bank of Canada lowered its key rate to 2.5%, but even Governor Tiff Macklem says policy tools are “limited” in offsetting structural damage from tariffs and slowing economic growth.
In the GTA, TRREB data shows sales up 8.5% year-over-year in September, yet still below normal levels for a region this size. Prices are down roughly 5% year-over-year, and listing inventory is rising.
The rate cut gives short-term breathing room, but does not represent a rebound. Buyers and sellers will continue to be watching fundamentals.