On April 16, 2025, the Bank of Canada announced it will hold its key interest rate at 2.75%, maintaining the current rate to monitor economic uncertainty tied to U.S. tariffs and global trade tensions. While some had expected another rate cut, the Bank chose to pause, citing inflation concerns and the need for more data.
So, what does this mean for the Burlington real estate market? Whether you're buying or selling a home in Burlington, this decision carries important implications for how you should plan your next move.
What the Bank of Canada Rate Hold Means for Burlington Home Sellers
If you're selling a home in Burlington, today’s announcement is good news. After months of declining rates, this hold gives buyers and sellers alike a chance to catch their breath and make informed decisions.
A few reasons why this is a positive signal for sellers:
Stable rates build buyer confidence, bringing more people back into the market
Burlington continues to face low housing inventory, keeping demand high for well-marketed homes
Spring 2025 is shaping up to be an active season—this could be the ideal window to list
Serious buyers—many with pre-approvals—are actively shopping for homes in desirable neighbourhoods like Roseland, Shoreacres, and Aldershot
If you’ve been waiting for the right time to list your home, this period of rate stability could be your best opportunity before the market becomes more competitive later this spring.
What the Interest Rate Hold Means for Burlington Home Buyers
For those buying a home in Burlington, the Bank of Canada’s decision provides a window of predictability. While we’re not seeing rates fall further—yet—the pause gives buyers more certainty about their borrowing power.
Here’s why buyers should pay attention:
Mortgage rates in Canada will likely remain stable in the short term
With rates paused, monthly payment estimates are more predictable for buyers budgeting for a home
Locking in a mortgage pre-approval now could help you secure a favourable rate before future changes
A more balanced spring market means more inventory may become available, improving your options
Burlington buyers with financing in place are in a strong position to negotiate
While we’re not back to ultra-low rates, this phase of the cycle offers a strategic window to purchase before competition heats up again.
Expert Advice for Navigating the Burlington Real Estate Market
The Sandy Smallbone team believes that every market holds opportunity—if you know where to look. The Bank of Canada’s decision to hold interest rates at 2.75% may not be dramatic, but it creates a more balanced and stable environment for both buyers and sellers in Burlington.
Whether you're upsizing, downsizing, or entering the market for the first time, we’re here to guide you with clarity and confidence.
📞 Ready to take the next step? Contact Sandy today for a personalized market update or to get started on your buying or selling journey in Burlington.
