Inflation rose to 2.6% in Feb 2025. Here's why?- Tax break expiry and trade war pressures have driven up costs. With these inflationary pressures, the Bank of Canada (BoC) faces a tough road ahead in deciding whether to cut rates to support the weakening economy or hold them steady to curb inflation.
What does this mean for real estate?- Buyers and Investors: There are still opportunities due to increased supply and declining interest rates. Don’t wait to buy real estate, buy real estate and wait.- Sellers: Be strategic with pricing as the market navigates through these uncertain times.
Important Data to Watch Out For:- Inflation Data (March 2025): April 15, 2025 – Will inflation continue to climb, or will we see some relief?- Unemployment Rate (March 2025): April 4, 2025 – Employment stats will reveal more about economic conditions. Unemployment was steady at 6.6% recently but that may change with the pressures on the economy.- BoC Rate Announcement: April 16, 2025
Reach out if you want to talk about how these developments could impact your real estate strategy.
