The Bank of Canada announced its latest rate decision this week and, as expected, nothing changed. This marks the fifth consecutive rate hold.
It’s funny how sometimes these announcements feel like must-watch events, and other times you barely pay attention because everyone already knows what the outcome will be.
What I’m hearing from buyers right now is that rates aren’t necessarily the biggest factor holding them back. It’s confidence. Many are waiting for more certainty before making a move. The irony, of course, is that today’s market offers something buyers haven’t had in years: choice, negotiating power, and time to make decisions.
On a completely different note, FIFA has become a hot topic around our office. At this week’s sales meeting, our manager asked us what our plans are for working during the tournament. What he really meant was: how are we going to navigate downtown showings, open houses, road closures, and the expected traffic chaos?
The honest answer is that we’ll simply need to budget more time. Some neighbourhoods, such as Liberty Village, are expected to be particularly challenging, with residents requiring access passes during certain periods. It will certainly make getting around downtown more interesting than usual.
The good news is that the disruption will be relatively short-lived, wrapping up in mid-July. Until then, we’ll be learning alongside everyone else and I’ll be sure to share some of the more entertaining stories from the front lines in future newsletters.
If you’re planning to buy, sell, or simply venture downtown over the next few weeks, wish us luck. We may need it.
My First Home: How to Buy Smart in Toronto
Know someone who talks about buying a home “someday”? Forward them a copy of our new My First Home magazine. It covers what to know, where to look, and how to buy smart in Toronto.
Want to Make This Market Work for You?
As always, if you have questions about the market, or would like an updated home evaluation, we’re here to help.
For Sale: Beautiful Loft-Style Junior 1-Bedroom Condo (508 Wellington Street West #401)
Some addresses put you in the city. Others put you at the center of it. Welcome to 508 Wellington, a beautifully furnished loft-style junior one-bedroom in one of Toronto’s most coveted boutique buildings. Soaring ceilings and oversized windows create an airy, light-filled space, while the thoughtfully designed layout makes everyday living feel effortless.
For Sale: Beautiful 3-Bedroom Family Home (2 Bettina Pl)
Space to spread out. Space to come together. And a backyard that feels like your own private retreat. This beautifully updated family home offers 3 bedrooms, 4 bathrooms, and the kind of thoughtful layout that gives everyone room to breathe. A welcoming living room at the front of the home creates the perfect spot to gather with guests, while the open-concept kitchen, dining, and family room—with cozy gas fireplace—becomes the true heart of the home.
For Sale: Bright 1-Bedroom Condo in Corktown, Toronto (60 Tannery Rd #516)
Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected – prep dinner, catch your favourite show, and take in the view all at once.