The Bank of Canada has kept its benchmark interest rate steady at 2.75%, putting a pause on a streak of seven straight cuts. In its Wednesday announcement, the Bank acknowledged a significant slowdown in the Canadian economy, but opted to hold the rate as it awaits more clarity on U.S. trade policy and the broader effects of tariffs.
James and Denny share their on-the-ground insights as Vancouver realtors, highlighting what they’re seeing in this spring market.
This episode will focus on the Bank of Canada’s recent rate hold, more rate cuts this year, fixed rates going up, variable vs fixed in the current market, upcoming election, rental rates going down, construction is very expensive, and predictions for the future.
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