The Bank of Canada has implemented its seventh consecutive rate cut, continuing its aggressive push to stimulate economic growth amid slowing inflation and global uncertainty. This latest reduction signals ongoing concerns about consumer spending, business investment, and the broader impact of tariffs and the upcoming election on the Canadian economy.
James and Denny share what they are currently seeing in the Vancouver real estate market, including how the rate cut is impacting home prices, buyer activity, and market sentiment.
This episode will focus on the rate cut effects on the Lower Mainland real estate markets, the upcoming federal election and what it can affect, the on-again and off-again tariffs, high levels of inventory, North Van pulling back regulations on Airbnb, all the home tax changes over the last 9 years, and predictions for the future.
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