With the Bank of Canada holding rates steady, many buyers are wondering what comes next. Global tensions and higher oil prices are adding to inflation pressures, so central banks are taking a cautious approach—don’t expect significant cuts in the near future. Fixed mortgage rates are likely to stay put, and variable rates aren’t expected to drop meaningfully any time soon. If you’ve been waiting for a big decrease in borrowing costs, that strategy may not serve you well right now. As someone who’s been guiding buyers and sellers in Bridgewater since 2010, I always encourage clients to focus on what’s truly affordable and consider their long-term goals, especially as we head into the busy spring market. Confidence and clarity are key to making the right move, no matter what the market’s doing.
Leave a Reply