The housing market in the Waterloo Region is showing positive trends as we enter 2025. Active listings have increased by nearly 50 percent compared to January of last year, and inventory levels are significantly higher than the ten-year average, giving buyers more options. While sales have slowed compared to last year, the higher inventory is helping to create a more balanced market for both buyers and sellers. On January 29, 2025, the Bank of Canada reduced its policy rate by 25 basis points to 3 percent, lowering borrowing costs for potential homebuyers. While this was good news, the uncertainty of a potential trade war with the U.S. makes it hard to predict the outcome of the Bank’s next interest rate decision on March 12. If you have any questions, please don’t hesitate to reach out.
