Recently, the Bank of Canada cut its key interest rate to 4.75%—the first reduction in four years! What does this mean to you? Any reduction causes buyers to jump into the market as affordability increases. It may also lead to more sellers coming to the market in order to take advantage of the change. But there is a “tipping point” between inventory and pricing: active listings are up 50% from 2023, but it’s still technically a seller’s market. Is there a move in your future? We’d be happy to chat about your real estate needs.