Recent research from the Bank of Canada highlights something I often see in our local market: when interest rates drop, housing demand tends to surge right away—but the number of homes available doesn’t catch up for about two years. While lower rates can make borrowing look attractive, they also drive up prices, and the costs to build new homes remain high. This means that simply lowering rates doesn’t actually make it easier for families to find affordable options. As someone dedicated to helping clients navigate every twist and turn in the Durham Region real estate landscape, I believe it’s important to look beyond just the headline numbers and really understand how these shifts could impact your plans. My goal is always to guide you with honest advice and local insight, so you can make informed decisions, no matter what the market is doing.
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