Until some of the economic and political fog clears, the housing market is expected to remain slow.

Despite the Bank of Canada’s 25 basis point reduction to its key policy rate to 2.75% in March (the seventh consecutive cut since June 2024) and financial markets placing about a 50% chance of another rate cut this month, consumer confidence will need to improve first before we see a resumption in the upward trend for sales that occurred during the fall of 2024.

Follow to stay up to date on our monthly market update!