HomeownershipSellingSelling 14 May 2025

Landscaping Choices That Can Hurt Your Home’s Resale Value

When preparing your home for sale, your landscaping can be a powerful asset-or a hidden liability. While attractive, well-maintained yards boost curb appeal, certain landscaping features can actually reduce your home’s value or make it less appealing to potential buyers. Here are four landscaping choices to approach with caution:

 

High-Maintenance Gardens

Lush, intricate gardens filled with specialty plants, elaborate flower beds, or extensive vegetable plots may look stunning, but they often require significant upkeep. Many buyers see high-maintenance gardens as a burden, not a benefit. Unless your buyer is an avid gardener, the thought of hours spent weeding, pruning, and watering can be a major turnoff. Studies show that buyers overwhelmingly prefer low-maintenance, easy-to-care-for yards that offer beauty without demanding too much time or expertise.

 

Artificial Grass

Although artificial grass is marketed as a low-maintenance, evergreen solution, it doesn’t appeal to everyone. Many buyers-especially families with children or pets-prefer natural grass for play and relaxation. Artificial turf can be expensive to remove, and some buyers worry about heat retention, environmental impact, or local restrictions. In fact, installing artificial grass can reduce your home’s resale value by as much as 5%, as buyers may factor in the cost of replacing it with natural lawn.

 

Too Much Concrete or Hardscaping

While patios and walkways can add value, excessive hardscaping, such as large concrete slabs or sprawling paved areas, can make your yard feel cold and uninviting. Buyers often want a balance of green space and hardscape for both aesthetics and usability. Overly large or poorly designed concrete patios may limit outdoor activities and reduce the overall appeal of your property. In some cases, a big concrete patio can actually hurt your home’s value, especially if it leaves little room for grass or gardens.

 

Highly Customized or Niche Features

Personal touches like koi ponds, elaborate fountains, oversized fire pits, or themed garden structures may reflect your tastes, but they can alienate potential buyers. Highly customized landscaping features often require specialized maintenance and may not suit the needs or preferences of most buyers. These niche additions can limit your buyer pool and rarely offer a good return on investment. Buyers may see them as projects to remove, not perks to enjoy.

 

Key Takeaways

  • Keep it simple: Opt for classic, low-maintenance landscaping that appeals to the widest range of buyers.
  • Balance is best: Ensure there’s a mix of greenery and hardscape, with plenty of usable outdoor space.
  • Think resale: Avoid features that are costly to maintain, difficult to remove, or tailored to very specific tastes.

 

Final Thoughts on Landscaping

By steering clear of these landscaping missteps, you’ll help ensure your home makes a great first impression-and retains its maximum resale value. Of course, your home and yard should reflect your own tastes and lifestyle, and you should feel free to create the outdoor space that makes you happiest. 

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today to schedule a free consultation and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

HomeownershipHomeownership 7 May 2025

Stopping Scammers from Selling Your Home

Imagine coming back from vacation only to discover that a stranger has sold your home while you were away. As shocking as it sounds, this nightmare scenario is a real risk for homeowners due to a crime called title fraud. In these cases, scammers steal your identity using forged documents or fake identification, then transfer your property’s title to themselves. They can then sell your home or take out a mortgage in your name-leaving you to deal with the financial and legal fallout.

The good news: you can take proactive steps to protect your home, your finances, and your peace of mind.

 

What Is Title Fraud?

Title fraud usually begins with identity theft. A criminal obtains your personal information, creates fake documents, and then forges your signature to transfer the title of your home to themselves or an accomplice. Once they control your property’s title, they can:

  • Sell your home without your knowledge
  • Take out a mortgage against your property
  • Disappear with the proceeds, leaving you with the mess to clean up

Title fraud is especially common when a property is vacant, fully paid off, or owned by someone vulnerable, such as an elderly homeowner.

 

How to Protect Yourself from Title Fraud

  • Be careful with your personal information
    • Only share sensitive information with trusted parties.
    • Shred documents containing personal details before discarding them.
    • Retrieve your mail regularly to prevent mail theft.
    • Update your address with all contacts and service providers when you move, and set up mail forwarding.
  • Monitor your finances and property
    • Check your bank and credit card statements for irregularities.
    • Regularly review your credit report for unauthorized activity.
    • Search your property’s address online periodically to ensure it isn’t fraudulently listed for sale or rent.
  • Get title insurance
    • Title insurance won’t prevent fraud, but it does protect you from financial loss if you become a victim.
    • It covers legal costs to restore your title and can compensate you if your home is fraudulently sold.
    • Title insurance is a one-time purchase and protects you as long as you own your home.
  • Work with trusted professionals
    • Always use licensed real estate agents and legal professionals for real estate transactions.
    • Avoid cash payments and insist on official documentation for every transaction.
  • Special steps for mortgage-free homes
    • In some regions, you can pull and secure the Duplicate Indefeasible Title Certificate (DIT), which “freezes” your property title and prevents any changes without your consent.

 

Recognizing Red Flags

Be alert for these warning signs:

  • Unusual activity on your financial accounts
  • Missing bills or statements
  • Notices about changes to your property you didn’t initiate
  • Your property appearing online for sale or rent without your knowledge

 

Final Thoughts

Title fraud is a growing threat, but you don’t have to be a victim. By staying vigilant, protecting your personal information, monitoring your property, and investing in title insurance, you can safeguard your home-often your largest financial asset-from scammers.

If you have questions about title insurance or want to learn more about protecting your property, reach out to a trusted real estate professional today. Your peace of mind is worth it. 

Learn more at www.canada.ca

 

Disclaimer

This blog post is for informational purposes only and does not constitute legal advice. For advice specific to your situation, please consult a qualified lawyer or legal professional.

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today to schedule a free consultation and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

HomeownershipSelling 30 April 2025

The Ultimate Spring Cleaning Guide for 2025

As the flowers bloom and daylight lingers, spring is the perfect season to breathe new life into your home. Whether you’re preparing to sell or simply want to enjoy a brighter, healthier space, a thorough spring cleaning can make all the difference. Here are expert-backed tips to help you tackle your spring cleaning efficiently and effectively.

 

Start with a Plan

Before diving in, create a checklist of areas that need attention. Prioritize high-traffic zones like kitchens, bathrooms, and living spaces, and set a realistic timeline to keep you on track. A well-organized plan ensures nothing gets overlooked and helps reduce overwhelm.

 

Declutter Every Room

Clutter can make even the largest rooms feel cramped. Go through each space and remove items you no longer need or use. Use the “Four-Box Method”: one for items to keep, one to donate or sell, one to store, and one for trash. This not only opens up your home but also makes it easier for potential buyers to envision themselves living there.

 

Deep Clean from Top to Bottom

Work systematically, starting at the ceiling and moving down. Dust ceiling fans, light fixtures, and shelves before tackling furniture and floors. Don’t forget to clean windows and blinds to let in more natural light, and wash or vacuum curtains and upholstery for a fresher feel.

 

Refresh Textiles and Bedding

Wash all bedding, including sheets, pillowcases, and comforters, to remove dust and allergens. Rotate your mattress and launder curtains, throws, and cushions for a complete refresh.

 

Focus on Kitchens and Bathrooms

These rooms are especially important if you’re selling. Clean all surfaces thoroughly, including countertops, cabinets, and appliances. Pay special attention to grout, faucets, and fixtures—bleach dull grout and polish hardware for a sparkling finish.

 

Clean and Organize Storage Spaces

Tidy up closets, cupboards, and the garage. Box up off-season clothing and bulky winter items to showcase storage space and make your home feel more spacious.

 

Don’t Forget the Exterior

Curb appeal matters! Rake leaves, trim bushes, and add fresh mulch to flowerbeds. Pressure wash siding, walkways, and porches. Consider painting the front door a cheerful colour and updating your welcome mat to make a great first impression.

 

Add a Touch of Spring Indoors

Bring in fresh flowers or budding branches for a pop of colour and a hint of spring fragrance. Rearranging furniture or swapping out throw pillows for brighter hues can also give your home a seasonal update.

 

Remember: It Doesn’t Have to Be Done in One Day

Spring cleaning can feel overwhelming, but there’s no need to tackle everything at once. Break big tasks into smaller, manageable chunks and spread them out over several days or weekends. This approach keeps the process stress-free and ensures you don’t burn out before you finish. Celebrate each completed task—you’ll see progress and stay motivated!

 

Maintain the Clean

Once your spring cleaning is complete, keep your home tidy by doing a little maintenance each week. This ensures your space stays inviting—especially important if your home is on the market.

 

Final Thoughts on Spring Cleaning

A sparkling clean home not only feels great to live in but also stands out to potential buyers. If you’re considering selling this spring, these tips will help your property shine. For more personalized advice or to discuss your real estate goals, reach out today! Happy Cleaning!

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today to schedule a free consultation and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Buying 23 April 2025

3 Myths About Home Inspections—Debunked!

When buying a home, a professional inspection is one of the most important steps you can take to protect your investment. Yet, several persistent myths can lead buyers to make costly mistakes. Let’s set the record straight on three of the most common misconceptions about home inspections.

 

Myth 1: New Homes Don’t Need Inspections

Many buyers assume that a brand-new home, built to modern codes and standards, is flawless and doesn’t require an inspection. This is a risky misconception. Even new construction can have hidden issues—ranging from faulty wiring and plumbing leaks to insulation gaps or structural problems—that arise from rushed work or overlooked details. Municipal code inspections are not as thorough as a private home inspection and often only ensure minimum standards are met. A professional inspector provides an unbiased, comprehensive review, helping you avoid expensive surprises after move-in.

 

Myth 2: Inspections Guarantee No Future Repairs

Some buyers believe that a home inspection is a guarantee that no repairs will be needed in the future. In reality, an inspection is a snapshot of the home’s current condition, not a warranty or a promise against future issues. Inspectors identify visible and accessible problems at the time of the inspection, but they can’t see inside walls or predict how long systems will last. While an inspection can help you anticipate immediate repairs and maintenance, it cannot prevent normal wear and tear or unforeseen breakdowns after you move in.

 

Myth 3: You Can Skip the Inspection in a Competitive Market

In hot real estate markets, buyers sometimes feel pressured to waive the inspection to make their offer more attractive. However, skipping the inspection can expose you to significant risks, including hidden safety hazards, costly repairs, and a lack of negotiating power if problems are discovered later. Even in a competitive market, an inspection gives you valuable information about the property’s condition, helps you make informed decisions, and can provide leverage for renegotiation or repairs before closing.

 

Final Thoughts on Home Inspections

No matter the age of the home or the state of the market, a professional inspection is an essential part of the buying process. Don’t let these common myths jeopardize your investment or your peace of mind. If you have questions about home inspections or need a trusted inspector, reach out—I’m here to help you make your next move with confidence!

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Market UpdatesMarket Updates 16 April 2025

Bank of Canada Holds Policy Rate at 2.75%

This morning, April 16, 2025, the Bank of Canada announced it will keep its key interest rate steady at 2.75%. This decision comes as the country faces heightened economic uncertainty due to ongoing trade tensions and tariffs with the United States, as well as recent signs of slowing economic growth and cooling inflation.

 

Key Points:

  • The policy rate remains at 2.75%, unchanged since the last quarter-point cut in March.
    Inflation cooled to 2.3% in March, down from previous months.
    The Bank cited “widespread uncertainty” from the US-Canada tariff dispute, which complicates economic forecasts and policy decisions.
    Business and consumer confidence, along with the housing sector, have slowed due to market volatility and trade policy unpredictability.
    The Bank of Canada emphasized its commitment to price stability but warned monetary policy cannot offset all impacts of a trade war.

 

What This Could Mean For You:

  • Homebuyers: Stable rates provide a predictable environment, helping you plan your next move with confidence. This steady footing can support ongoing affordability and borrowing options.
    Sellers: The pause in rate changes helps maintain current market stability, which can be advantageous as you position your property. Market resilience means opportunities remain for motivated buyers.
    Investors: While global uncertainties persist, the steady rate environment offers a foundation for cautious optimism and strategic planning in real estate and financial markets.

 

Looking Ahead

The Bank of Canada’s next rate announcement is scheduled for Wednesday, June 4, 2025. The Bank will publish its next Monetary Policy Report on July 30, 2025.

Read the Press Release.

 


 

Whether you’re a homeowner, prospective buyer, or real estate investor, understanding these market changes is crucial. As your trusted REALTOR®, I’m here to help you navigate these shifts and make informed decisions! Call, text, email, or DM me to chat about how this announcement affects your real estate plans!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Explore Grey & Bruce 9 April 2025

How to Support Local Grey Bruce Businesses Without Spending a Dime

As a real estate agent in the beautiful Grey Bruce area, I know firsthand how vital local businesses are to the fabric of our community. Supporting these businesses isn’t just about spending money—it’s about fostering connections, building resilience, and showing appreciation for the entrepreneurs who make our region special. Here are some meaningful ways you can support local businesses without making a purchase.

 

Leave Them a Positive Review

Take a few minutes to write a glowing review on platforms like Google or Facebook. This helps boost their online reputation and attracts new customers.

 

Refer Your Friends

Share your favourite local businesses with friends and family. A personal recommendation can go a long way in bringing them new customers.

 

Share Their Social Posts

Engage with their social media by liking, commenting, and sharing their posts. This increases their visibility and helps them reach a wider audience.

 

Attend Their Events

Show up to events hosted by local businesses, such as workshops or markets. Your presence helps create a vibrant community atmosphere.

 

Share Your Honest Feedback

Offer constructive feedback directly to the business. Your insights can help them improve and grow, ensuring they continue to serve the community effectively.

 

Final Thoughts on How to Support Local

Supporting local businesses in Grey Bruce doesn’t always require a financial commitment. By doing these small but meaningful actions, you can make a big difference in supporting the local businesses that make Grey Bruce unique!

visitgrey.ca

explorethebruce.com

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

 

SellingSellingSellingSellingSellingSelling 2 April 2025

How to Improve Curb Appeal Before Selling

When it comes to selling your home, first impressions are everything. Curb appeal can significantly impact your property’s value and selling potential, with studies showing it can add up to 7% to your home’s sale price. Here’s how to make your home stand out from the moment potential buyers arrive:

 

Start with the Basics

Deep Clean and Maintain

Begin with a thorough cleaning of your home’s exterior. Rent a pressure washer to clean siding, windows, gutters, sidewalks, and decks. This simple step can make your home look newer and well-maintained.

Landscape for Success

A well-kept yard is crucial. Mow the lawn, trim shrubs, and prune trees. Consider adding seasonal flowers or plants around your entrance for a pop of colour. Fresh mulch can also give your landscaping a polished look.

 

Enhance Key Features

Revamp Your Front Door

Your front door is a focal point. Consider repainting it in a bold, statement colour that complements your home’s exterior. If it’s beyond repair, replacing it with a new steel door can offer an excellent return on investment.

Upgrade Outdoor Lighting

Install new porch lights or add pathway lighting to create a welcoming ambiance and highlight your home’s best features.

Refresh Your Mailbox

Often overlooked, a new or freshly painted mailbox can significantly impact curb appeal.

 

Add Finishing Touches

Create an Inviting Entrance

If you have a porch, add some seating to help potential buyers envision themselves enjoying the space.

Update Hardware and Accents

Replace outdated house numbers, door handles, and light fixtures for a modern touch.

Consider a Fresh Coat of Paint

If your home’s exterior paint is fading or peeling, a fresh coat can work wonders.

 

Don’t Forget the Details

Clean Windows and Siding

Power wash your siding and clean your windows to make your home sparkle.

Tend to the Lawn

Regular lawn care, including fertilizing and weed control, can yield a high return on investment.

 

Final Thoughts on Boosting Curb Appeal

By focusing on these curb appeal improvements, you’re not just making your home more attractive to potential buyers – you’re potentially increasing its value. Remember, the goal is to create an inviting first impression that makes buyers eager to see what’s inside.

With these upgrades, your home will stand out in listing photos and leave a lasting impression during in-person viewings. A little effort on the exterior can go a long way in securing a quicker sale and a better price for your property.

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Selling 26 March 2025

Bathroom Staging Tips That Make a Big Impact

When it comes to selling your home, every room counts, and the bathroom is no exception. A well-staged bathroom can significantly enhance your home’s appeal and make a lasting impression on potential buyers. In this blog post, we’ll explore the top bathroom staging tips to help you transform your space into a buyer’s dream.

 

Deep Clean and Declutter

The first step in staging your bathroom is to ensure it is spotlessly clean. This includes scrubbing the grout, disinfecting all surfaces, and polishing fixtures and mirrors until they shine. Remove any clutter, including personal hygiene products and cleaning supplies, to create a sense of openness and cleanliness.

 

Neutralize the Space

Use a neutral colour palette to appeal to a wide range of buyers. Consider repainting the walls with a light, calming colour such as white, grey, or beige. This will help create a spa-like ambiance and make the space feel more modern.

 

Luxurious Accessories

Add luxurious touches like plush towels, decorative soap dishes, and small plants to create a spa-like feel. These small details can elevate the overall ambiance of the bathroom and make it more inviting.

 

Update Fixtures and Lighting

Swap outdated faucets and handles with modern finishes to give your bathroom a fresh look. Use energy-efficient lighting to brighten the space and create a welcoming atmosphere. Consider LED bulbs with a high CRI rating for the best effect.

 

Organize Storage

Ensure that linen closets and medicine cabinets are no more than two-thirds full. This will help create the illusion of ample storage space and make the bathroom feel more spacious.

 

Check the Caulking and Grout

Update the caulking around the tub and shower to remove any stains or mold. Clean and regrout tiles if necessary to maintain a clean and modern appearance.

 

Minimize Decor

Avoid over-decorating the bathroom. Keep the space simple and elegant with perhaps one or two pieces of wall art. This will prevent the room from feeling cluttered and allow buyers to visualize themselves in the space.

 

Create a Sensory Experience

Consider adding a diffuser or scented candles to create a pleasant aroma, enhancing the sensory experience for potential buyers. However, be mindful of the scent intensity. Avoid overpowering fragrances that might overwhelm or irritate visitors. Opt for light, calming scents like lavender or vanilla to create a soothing atmosphere without being too intrusive.

 

Final Thoughts on Bathroom Staging

Staging your bathroom effectively can make a significant difference in attracting potential buyers and securing a quick sale. By following these simple yet impactful tips, you can transform your bathroom into a serene and inviting space that buyers will love. Whether you’re looking to sell your home quickly or maximize its value, investing time in bathroom staging is well worth the effort.

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Buying 19 March 2025

Buyer Letters: Do They Actually Help Your Offer Stand Out?

In today’s competitive real estate market, buyers are often looking for ways to make their offers stand out. One strategy that has gained popularity is writing a personal letter to the seller along with the offer. But does this approach actually work? Let’s explore the pros and cons of this tactic.

 

The Potential Benefits

Adding a Personal Touch

A well-crafted letter can add a personal touch to your offer, helping sellers visualize you living in their home. This emotional connection might give you an edge, especially if the seller has a strong attachment to their property.

Standing Out in a Crowded Field

In situations where sellers are reviewing multiple similar offers, a heartfelt letter could potentially make your offer more memorable. This might be particularly effective in markets where bidding wars are common.

Explaining Your Offer

A letter provides an opportunity to explain the reasoning behind your offer, which could be beneficial if there are unique circumstances involved.

 

The Drawbacks and Risks

Fair Housing Concerns

One of the most significant issues with offer letters is the potential violation of fair housing laws. Sellers and their REALTOR® may open themselves up to lawsuits if they appear to choose buyers based on personal characteristics disclosed in these letters.

Limited Impact on Decision-Making

Many real estate professionals argue that offer letters rarely influence the final decision. As one agent put it, “I’ve never seen a property sell on the letter on its own — only when a letter is also with an offer that is better than someone else’s”.

Potential for Negative Reactions

Some sellers may view these letters negatively, seeing them as attempts to manipulate emotions in what should be a straightforward financial transaction.

 

Best Practices If You Decide to Write a Letter

If you choose to include a letter with your offer, consider these tips:

  • Keep it brief and focused: Aim for a concise, well-written letter that highlights why you love the home.
  • Avoid oversharing personal details: Be cautious about including information that could potentially lead to discrimination.
  • Highlight what you love about the home: Mention specific features that appeal to you, showing the seller you appreciate their property.
  • Proofread carefully: Ensure your letter is free of errors to present a professional image.
  • Couple the letter with a strong offer: Remember that the financial aspects of your offer will likely carry more weight than the letter itself.

 

Final Thoughts on Offer Letters

While a personal letter to the seller might seem like a good way to make your offer stand out, its effectiveness is debatable. The most crucial factors in a successful offer remain the price, terms, and overall strength of your bid. If you do decide to write a letter, do so thoughtfully and be aware of the potential risks and limitations.

Ultimately, working with an experienced REALTOR® (like myself!) who understands the local market dynamics is likely to be more beneficial than relying on a letter to sway a seller’s decision.

 


 

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Market Updates 12 March 2025

Bank of Canada Reduces Policy Rate by 25 Basis Points to 2.75%

The Bank of Canada has lowered its target for the overnight rate to 2.75%, a decrease of 25 basis points. This decision, announced today, reflects the Bank’s assessment of the current economic landscape, particularly the impact of heightened trade tensions and tariffs imposed by the United States. The Bank Rate now stands at 3%, and the deposit rate is 2.70%.

 

Economic Context

While the Canadian economy began 2025 on solid footing, with inflation near the 2% target and robust GDP growth, the evolving global trade environment presents significant challenges. The Bank acknowledges that the economic outlook is subject to “more-than-usual uncertainty” due to the rapidly changing policy landscape.

Here’s a summary of the key economic factors influencing this decision:

  • Global Slowdown: The US economy appears to have slowed in recent months, and growth in the Eurozone has been modest. China’s economy remains strong due to government policies.
  • Trade Tensions: Tariffs imposed by the U.S. are expected to slow the pace of economic activity in Canada and increase inflationary pressures.
  • Impact on Confidence: Recent surveys indicate a sharp drop in consumer confidence and a slowdown in business spending, as companies postpone or cancel investments.
  • Inflation Outlook: Inflation remains close to the 2% target. A temporary suspension of the GST/HST lowered some consumer prices, but inflation is expected to rise to about 2.5% in March with the end of the tax break.

 

Bank of Canada’s Response

Recognizing the potential drag on the Canadian economy, the Bank of Canada has taken proactive steps to provide support. Past interest rate cuts have shown to boost economic activity, particularly consumption and housing.

 

What This Could Mean for Canadians

The interest rate cut is intended to mitigate the negative effects of trade uncertainty. It could lead to:

  • Lower Borrowing Costs: Consumers may see lower interest rates on mortgages, loans, and lines of credit.
  • Impact on Business Investment: Businesses are urged to remain confident in the Canadian economy and avoid pausing investments that could support employment.
  • Potential for Increased Inflation: The Bank will carefully monitor inflation expectations and ensure that higher prices do not lead to ongoing inflation.
  • Monitoring the Jobs Market: While past interest rate cuts have boosted demand for labor, the Bank is aware that heightened trade tensions could disrupt the recovery in the jobs market, with wage growth showing signs of moderation.

 

Looking Ahead

The Bank of Canada is committed to maintaining price stability for Canadians. It will closely monitor inflation expectations and assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.

The next scheduled date for announcing the overnight rate target is April 16, 2025. The Bank will publish its next full outlook for the economy and inflation in the Monetary Policy Report (MPR) at the same time.

Read the Press Release.

 


 

Whether you’re a homeowner, prospective buyer, or real estate investor, understanding these market changes is crucial. As your trusted REALTOR®, I’m here to help you navigate these shifts and make informed decisions! Call, text, email, or DM me to chat about how this announcement affects your real estate plans!

 

For more information, contact:

 

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca