Montreal, January 29, 2025 – The Bank of Canada today announced a further reduction in its key policy rate to 3%. The 25-basis-point cut is part of ongoing efforts to control inflation and move closer to the 2% target.
Further reduction in key rate in the face of US economic threats
Impact on the Quebec real estate market
Source : Bank of Canada
This reduction in the key rate could have a positive impact on sellers, making it easier for them to sell their properties, as they are likely to sell more quickly. Indeed, a greater number of buyers would now be able to obtain mortgage loans, stimulating demand on the real estate market.
In conclusion, while this reduction is primarily intended to mitigate the effects of the new trade tariffs imposed by the United States, it could also benefit the Montreal real estate market. We encourage you to get in touch with our Montreal real estate brokers to make your next real estate project a reality.
Sources :
Bank of Canada. https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
La Presse. https://www.lapresse.ca/affaires/2025-01-29/banque-du-canada/le-taux-directeur-baisse-a-3.php
Le Devoir. https://www.ledevoir.com/economie/836992/annonce-taux-directeur-canada-retour-trump