Leah Zlatkin quoted in the Now Toronto: ‘Bank of Canada holds key interest rate at 2.75% amid economic uncertainty, but will this impact the housing market?’

Licensed mortgage broker and COO of Mortgage Outlet, Leah Zlatkin says although the tariff situation has been causing uncertainty among buyers, housing market trends vary across different Canadian regions, with Toronto and Vancouver remaining cautious, while Edmonton maintains an active market.“We’re seeing distinct housing market stories across Canada. Edmonton remains the hot spot – prices are climbing, sales are brisk, and bidding wars are possible. By comparison, buyers in Vancouver and Toronto are hesitant due to economic uncertainties, despite more listings and prices stabilizing. Meanwhile, in Calgary, the market is transitioning to a balanced state,” she said in a statement on Wednesday.

According to Zlatkin, the BoC announcement is unlikely to alter the varying trends, while buyers will need to assess where to best buy a house in Canada to ensure they best maintain “long-term financial goals.”

“These patterns will likely continue, with Edmonton resilient, and buyers in Toronto, Vancouver, and Calgary adopting varying degrees of caution,” she said.