Fourth Straight Interest Rate Cut May Not Bring Buyers Back to the Market Just Yet

Bank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Oct. 23, 2024. The Canadian Press/Sean Kilpatrick

While the Bank of Canada’s fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.

While the Bank of Canada’s fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.