With interest rates widely expected to stabilize this year, it’s anticipated the real estate market will experience a surge in demand from buyers who have been waiting for a better break. When or if the rates will change, nobody knows. When buyers and sellers will find out if the rates are going to change is widely known.
There is an interest rate announcement schedule, for both Canada and the United States. Given the uncertain relationship between the countries these days, it’s worth watching to see what happens to rates south of the border.
Both plan to announce rates eight times in 2025. Ironically, the first announcement is January 29, for both countries. In fact, five of the eight dates are identical.
Below are when rate announcements are scheduled:
Bank of Canada
January 29
March 12
April 16
June 4
July 30
September 17
October 29
December 10
U.S. Federal Reserve
January 29
March 19
May 7
June 18
July 30
September 17
October 29
December 10
January 29
March 12April 16
June 4
July 30
September 17
October 29
December 10
U.S. Federal Reserve
January 29
March 19
May 7
June 18
July 30
September 17
October 29
December 10
As always, Nexus Realty will monitor and report interest rate news on the website and in News From Nexus, the newsletter that’s delivered the first week of every month.