In this episode, we dive deep into the Bank of Canada’s recent rate cut with 25 basis points, its impact on the housing market, and what it means for your wallet.

Here’s what we’re covering:

• Bank of Canada Rate Cut: A 25-basis-point reduction is here. But will it really boost the housing market? We discuss why this modest cut might not be enough to offset economic uncertainty.

• Housing Market Trends: Despite strong sales in late 2024, December saw a 6% decline. Are buyers too cautious to capitalize on lower rates?

• Economic Pressures: With 55% of Canadians feeling "financially paralyzed" and 50% just $200 away from insolvency, we explore why lower mortgage rates alone won’t solve the debt crisis.

• U.S. Tariffs & Inflation Risks: Could Trump’s tariff threats under a new presidency trigger job losses, inflation, and even a recession in Canada?

• 2025 Outlook: What does the future hold for Canada’s housing market and economy? We analyze the key factors, from inflation to financial health, that will shape the year ahead.

To explore your real estate options, feel free to email me at[email protected] or message me on Instagram at davidvcinelli_realtor to set up an appointment to chat. See you in the next episode!