What Buyers Should Watch in the Mortgage Market This Spring

Key Mortgage Dates That Could Impact Buyers This Spring

This spring brings a series of important announcements that could shape the Canadian real estate market—and your mortgage decisions.

Whether you’re actively house hunting or simply keeping an eye on the market, these three upcoming dates are worth noting:

May 8, 2025 – Financial Stability Report

Released by the Bank of Canada, this report highlights the main risks facing the Canadian financial system. Housing always plays a central role, with insights into household debt, affordability pressures in places like the GTA, and any regional market imbalances.

These updates can impact lender policies and influence buyer and seller confidence. It’s a good time to review the broader economic picture and how it may affect your financing.

June 4, 2025 – Interest Rate Announcement

The Bank of Canada will make its next interest rate decision, and a 0.25% cut is possible. If it happens, this could benefit those with variable-rate mortgages or anyone considering a refinance.

Lower rates may also bring renewed energy to the market, especially in urban centres like Toronto and Ottawa.

July 30, 2025 – Interest Rate Announcement + Monetary Policy Report

This announcement carries extra weight, as it’s paired with the quarterly Monetary Policy Report (MPR). This report offers insight into inflation trends, global economic conditions, and the Bank’s forward-looking strategy.

Many economists believe another rate cut could follow by this time, creating fresh opportunities for buyers and investors planning a move in late 2025 or early 2026.

What the Latest Survey Tells Us About Buyer Confidence

A new BMO survey suggests that economic concerns are keeping buyers on the sidelines:

• 74% of Canadians are worried about a recession

• 67% are waiting for interest rates to drop, with 38% hoping for 3% or less

• 56% feel they already missed their chance to buy

• Only 14% plan to purchase in 2025

• 52% say they would move provinces or countries to afford a home

Even with 70% of Canadians reporting that they feel financially stable, many are choosing to wait. But this could signal an opportunity for those prepared to move sooner. With fewer buyers in the market, you may face less competition and better pricing—if you act before demand rises again in 2026.

Need help navigating your next move?

The mortgage market is shifting, and it’s important to understand how current trends may affect your buying power. If you're curious about rates, financing options, or your affordability, I’d be happy to walk you through it.

Ready to chat about your goals?Visit www.emilycallme.com

Emily Miszk Mortgage BrokerBRX Mortgage FSRA #13463

Serving BC and ONT