What the Bank of Canada’s latest decision means for you

Headlines can feel abstract at times, so let’s break down the impact of the Bank of Canada’s recent move. Earlier this week they lowered the policy rate by 0.25%, bringing it to 2.50%.

You know I’m here to give you market updates that are relevant so here’s why this change matters, especially if you’re thinking of moving in the next 6–12 months:

If you’re planning to buy…

A lower policy rate usually means lower variable mortgage rates. On a $600,000 home with 20% down, that drop translates to about $100 less on your monthly payment — or roughly $1,200 a year. While that may not seem huge at first, it adds up over time and can also improve your affordability on paper. For some families, that difference is what allows them to qualify for a little more house or feel more comfortable with their budget. If you’re planning a move for spring, now is the time to check in with your mortgage agent (or reach out to me if you’d like a recommendation) so you know exactly where you stand.

If you’re planning to sell…

Rate drops tend to encourage more buyers to enter the market, which can create stronger demand for your home. Families who want to upsize or relocate often begin their planning in the fall so they’re ready to make a move in spring. If you’re considering selling, it’s smart to start preparing now so your home is market-ready when those buyers are actively searching.

The big picture is simple: spring moves are planned in the fall. Even small shifts in interest rates can influence timelines, budgets, and confidence. If you’re not sure where to begin, I’m happy to connect you with trusted mortgage professionals and help map out your next steps.

Planning early means you can move with confidence when the right home comes along instead of scrambling when everyone else is trying to buy at the same time. (Is that a subtle prediction for spring market? Only one way to find out…)

You know I’m ready when you are!

In case you missed it, I launched a new listing recently and if you ever watched Extreme Makeover: Home Edition back in the day, you need to see this one.

Until next time,

Sarah Fothergill

Sales Representative

Century 21 Lanthorn Real Estate Ltd. Brokerage

Direct: 613 315 9365 

Let’s Connect: @fothergill.realestate

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Originally sent to Mind the Market subscribers on September 18, 2025.