On October 29, 2025, the Bank of Canada announced it is lowering its policy interest rate by 25 basis points to 2.25%, with the deposit rate at 2.20% and the Bank Rate at 2.50%. This decision reflects the Bank’s ongoing response to weaker economic growth and softening inflation, as global trade challenges and slower consumer spending continue to weigh on Canada’s outlook. For the real estate market, this latest rate cut is meaningful. Lower borrowing costs can ease financial pressure for homeowners and prospective buyers alike, especially those with variable-rate mortgages or upcoming renewals. While the broader economy has shown signs of cooling—driven by lower export demand and cautious business investment—the housing sector continues to benefit from strong fundamentals and easing price pressures. Impacts on Buyers and Sellers With inflation trending closer to the Bank’s 2% target and shelter price growth moderating, affordability remains an important focus. This rate cut offers some relief for buyers, supporting more favorable mortgage conditions and potentially increasing purchasing power as we move into the final months of 2025. For sellers, the lower rate environment may help sustain buyer demand, even amid broader economic uncertainty. Employment growth has slowed modestly but remains positive in key sectors, and consumer confidence could see a lift from improved borrowing conditions heading into the winter season. Looking Ahead The Bank’s decision underscores its cautious but supportive stance as it navigates an evolving economic landscape. Global trade tensions, weaker business sentiment, and slowing U.S. demand remain ongoing challenges. However, Canada’s real estate market continues to demonstrate resilience, bolstered by steady population growth and easing inflation pressures. The next interest rate announcement is scheduled for December 10, 2025. Until then, this lower policy rate will help guide market activity and borrowing conditions as the year draws to a close. Have questions about how this affects your buying or selling plans? Contact us today for a personalized conversation about your next steps in the current market.

Trivia Night at The GrandWay – October 30

Your guide to the best Halloween events and fall festivities in Guelph and Elora this October.

On September 17, 2025, the Bank of Canada announced it is lowering its policy interest rate by 25 basis points to 2.50%, with the deposit rate at 2.45% and the Bank Rate at 2.75%. This decision comes in response to signs of slowing economic activity, including weaker export performance and a cooling labour market. For the real estate market, this shift in policy rate is notable. A reduction in rates can influence borrowing conditions, particularly for those with variable-rate mortgages or upcoming renewals. While the broader economy has experienced headwinds from trade-related pressures and moderated business investment, the housing market continues to be supported by consumer demand and easing inflationary trends. Impacts on Buyers and Sellers With inflation moving closer to target and shelter price growth moderating, affordability remains in focus. The Bank’s adjustment provides a signal of easing financial conditions, which may support stability in mortgage lending and borrowing decisions in the months ahead. For sellers, the lower rate environment could help sustain buyer interest as households continue to navigate broader economic uncertainty. Employment has shown some signs of cooling, yet household spending remains resilient, contributing to continued activity in the housing sector. Looking Ahead The Bank’s decision reflects an effort to balance slowing growth with the need to keep inflation near its 2% target. Ongoing global trade developments, domestic labour market conditions, and business investment trends remain key factors shaping the economic outlook. The next interest rate announcement is scheduled for October 29, 2025. Until then, the new policy rate will help set the tone for market conditions heading into the fall season.  Have questions about how this affects your buying or selling plans? Contact us today for a personalized conversation about your next steps in the current market.

Join us on October 24th for a Special Night of Hockey & Heart On Thursday, October 24, the Storm’s Cause Marketing Game—sponsored by Coldwell Banker—will donate 50/50 proceeds to the Guelph Wish Fund. The Guelph Wish Fund for Children is a local charity dedicated to making dreams come true for children in Guelph and Wellington County who are facing life-altering illnesses, serious medical challenges, or significant disabilities. For over 40 years, the organization has been creating moments of joy, comfort, and hope for these children and their families—whether through dream vacations, unforgettable celebrations, or providing essential equipment that enhances their quality of life. By supporting this remarkable cause, you’re helping bring light to the lives of local kids during some of their toughest times—and showing that CBN proudly stands with our community’s young heroes, both on and off the ice.

Explore the best fall activities in Guelph and Elora this October — including pumpkin patches, fall events, scenic walks, and things to do all season long.

On July 30, 2025, the Bank of Canada announced it is holding its policy interest rate steady at 2.75%, with the deposit rate at 2.70% and the Bank Rate at 3.00%. This decision comes as Canada continues to navigate economic uncertainty driven by U.S. tariffs and global trade shifts. For those in the real estate market, this steady rate is significant. A consistent policy rate helps maintain predictable borrowing conditions, especially for buyers relying on variable-rate mortgages or looking to renew their loans. While the broader economy saw a contraction in the second quarter of 2025 - largely due to a sharp drop in exports - the housing market remains supported by ongoing consumer activity and moderate inflation. Impacts on Buyers and Sellers With inflation holding near 2% and shelter price inflation gradually easing, affordability remains a key focus. The current interest rate encourages stability in mortgage lending, allowing buyers to plan with more certainty. However, the Bank has acknowledged the potential for future rate cuts if economic slack deepens and inflationary pressures remain controlled. This opens the door for improved borrowing conditions later this year or in early 2026. For sellers, consistent rates may help sustain buyer demand during a period where other areas of the economy are showing signs of strain. Employment is still holding up in many sectors despite some trade-related impacts, and household spending is expected to grow modestly through the second half of 2025. Looking Ahead The Bank’s decision reflects a cautious approach as global and domestic challenges unfold. Ongoing U.S. trade actions, rising business costs, and supply chain adjustments continue to introduce economic pressure, but Canada’s real estate sector remains relatively resilient. The next interest rate announcement is scheduled for September 17, 2025. Until then, stable rates may help support market confidence during the late summer and early fall selling seasons. Have questions about how this affects your buying or selling plans? Contact us today for a personalized conversation about your next steps in the current market.

The Canada Strong Pass provides free admission to all national parks, 50% off museums for youth, 25% VIA Rail discounts, and more from June 20-September 2, 2025

Join us in Elora on July 29th for Elora’s Longest BBQ, an open-air food festival kicking off Food Day Canada with 25+ vendors, live music, and Chef Michael Smith’s Oyster Bar.