📉 Interest Rates Hold Steady
 After seven straight cuts, the Bank of Canada held its policy rate at 2.75% on April 16—the first pause in over a year. This follows a steady decline from 5% in early 2024, helping make homeownership more affordable.

🌍 Why the Pause?
 Uncertainty is the main reason. Global trade tensions, especially from U.S. tariffs, are raising inflation risks and creating an unpredictable outlook. The Bank is playing it safe while the economy finds its footing.

🏡 What It Means for Buyers
 Even without another cut, borrowing costs remain low. It could be a great time to lock in a mortgage or refinance. Five-year fixed rates currently start at 3.87%, according to REALTOR.ca.

📊 Market Impact
 CREA revised its 2025 forecast, expecting fewer sales and lower prices—about 50,000 fewer sales and $30,000 lower average price than previously predicted.

🧠 Why Use a REALTOR®
 Whether you’re buying or selling, a REALTOR® helps you stay ahead—tracking listings, prepping your property, and guiding you through market shifts. With rates stabilizing, expert advice is more valuable than ever.

✅ Don’t wait—connect with a REALTOR® and make your next move with confidence.