From BCREA: Bank of Canada Interest Rate Announcement –October 29, 2025 The Bank of Canada lowered its overnight policy rate by 25 basis points this morning from 2.5% to 2.25%. In the statement accompanying the decision, the Bank noted that GDP growth is expected to be weak over the second half of 2025 but will get some support from rising consumer and government spending as well as residential investment. However, the labour market remains soft with unemployment at 7.1%. The Bank expects the Canadian economy to expand by 1.2% this year, followed by similarly weak growth of 1.1% in 2026 before picking up slightly to 1.7% in 2027. On inflation, the Bank sees underlying inflation steady at around 2.5% and expects inflationary pressures to ease in the months ahead. Finally, the Bank provides some forward-looking guidance on rates stating that if economic activity evolves broadly in line with its current projection, it judges the current policy rate of 2.25% as the right level to keep inflation at its 2% target. The Bank appears reassured that it can focus on supporting the economy through rate-cuts without risking an acceleration of inflation, particularly given Canada is dropping most of its retaliatory tariffs. At 2.25%, the overnight rate is at the bottom threshold of what the Bank considers neutral for the economy, and adequate to keep inflation at 2%. Given a still uncertain outlook and the potential for further disruptions to trade policy, we anticipate the Bank may need to cut at least one more time over the next six months
29-10-2025
BOC Interest Rate Announcement
The Buyers' Market Continues News Release FOR IMMEDIATE RELEASE: Fall market favours buyers VANCOUVER, B.C. – October 2, 2025 – Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348). “With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market,” said Andrew Lis, GVR’s director of economics and data analytics. “Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.” Read more here
02-10-2025
Vancouver Real Estate Market Update