What the BoC rate hold means for Canada’s housing market

The central bank is expected to keep interest rates steady amid economic uncertainties, balancing risks between a weak economy and inflation pressures. No rate hikes or cuts are anticipated soon, providing some relief to buyers and sellers despite soft housing markets in Ontario and British Columbia. A sustained housing recovery may begin later in the year as affordability improves. External factors like the Iran conflict and trade negotiations contribute to the cautious stance.