📊 September 2025 Housing Market Snapshot – London & St. Thomas
📊 September 2025 Housing Market Snapshot – London & St. Thomas
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🏦 What is happening with interest rates?
On September 17, 2025, the Bank of Canada cut its policy (overnight) rate by 25 basis points, bringing it down from 2.75% to 2.50%.
This was the first rate cut since March 2025.
The Bank cited softening economic conditions, less upward pressure on inflation, and risks from trade tensions as part of the rationale for easing now.
đź’° What This Means for Buyers
- The recent rate cut means borrowing just got a little cheaper. If you’re getting a variable-rate mortgage or renewing soon, your payments could go down slightly.
- For those planning to buy, this change can help boost your buying power and make monthly payments a bit more manageable. It may also bring more competition from other buyers who were waiting for rates to drop, so acting sooner rather than later could be smart.
- In short — homes haven’t gotten cheaper, but money has.
🏠What This Means for Sellers
Lower interest rates can help bring more buyers back into the market, which is good news if you’re thinking about selling. As borrowing becomes a bit easier, more people may start house hunting again — leading to more showings and potentially quicker sales.
That said, buyers are still price-conscious, so it’s important to price your home competitively and make sure it stands out with great photos, staging, and marketing.
In short — more buyers are looking, but they’re still shopping smart.
📅 What’s Next — When to Watch
The next Bank of Canada rate decision is scheduled for October 29, 2025.
Rate announcements occur eight times per year, typically every 6–7 weeks.
So, keep an eye on late October — that’s when the Bank will reassess economic data, inflation pressures, and global risks to decide whether further cuts, holds, or even increases are warranted.
