Real Estate
Homebuyers in Canada Are So Frenzied They Won’t Wait for Rates to Go Down
- Shoppers seek to jump in before pent-up demand unleashed
- Central bank has signaled that it’s likely done raising rates
This article is for subscribers only.
Buyers in Canada are starting to venture back into the housing market, seeking to get ahead of any possible shopping frenzy spurred by expected rate cuts from the Bank of Canada.
An unusual sales rally in December has stoked speculation that the Canadian housing market may start to heat up even more. With prices still soft as the central bank signals that it’s done raising its benchmark rate, buyers are trying to find the best time to purchase property before more competition floods in and pushes prices back out of reach.