On September 17, 2025, the Bank of Canada lowered its policy interest rate to 2.5% — the second cut of the year. This decision comes as inflation cools and growth slows, but its impact will be most visible in real estate. For buyers and sellers in Victoria, the move has major implications for mortgages, affordability, and timing. Here, top Realtor Victoria BC Brad Maclaren breaks down what this means for you.
Why the Bank Cut Rates in September 2025
The Bank of Canada noted that inflation is close to its 2% target, while economic activity has softened. A rate cut is designed to encourage lending, boost consumer confidence, and stimulate the economy.
For homebuyers in Victoria, lower rates directly affect borrowing costs, making mortgages more accessible. For sellers, the cut could reignite demand in the Victoria real estate market September 2025.
What This Means for Buyers
The Bank of Canada rate cut September 2025 creates a more favorable landscape for buyers:
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Lower mortgage rates: Monthly payments shrink, freeing up budgets.
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Increased purchasing power: Buyers may qualify for higher-value homes.
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Better choice: Inventory is up nearly 13% year-over-year, giving buyers options across neighborhoods.
As a top real estate agent Victoria BC, Brad advises buyers to take advantage of this unique mix of affordability and selection before competition picks up in the fall.
What This Means for Sellers
Sellers also stand to gain:
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More qualified buyers: Lower rates may bring hesitant buyers back into the market.
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Stronger fall season: The cut aligns with the traditional uptick in fall activity.
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Faster sales for well-prepared homes: Single-family homes, already in demand, could benefit most.
Working with a top Realtor Victoria BC ensures your home is priced, marketed, and staged to capture this renewed interest.
Market Stability in 2025
Unlike the overheated market of five years ago, the Victoria real estate market September 2025 is balanced and stable:
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Prices remain steady — single-family homes above $1.3M, condos near $550K.
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Inventory of over 3,600 listings gives buyers breathing room.
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Sellers can still achieve strong results by partnering with experienced professionals.
Outbound link: Read the Bank of Canada’s September 17, 2025 Announcement.
The Bank of Canada’s September 2025 rate cut to 2.5% is a positive shift for Victoria’s real estate market. Buyers can access lower borrowing costs and greater choice, while sellers benefit from fresh demand.
If you’re wondering whether now is the right time to act, trust the expertise of top Realtor Victoria BC Brad Maclaren. With decades of experience as a top real estate agent Victoria BC, Brad provides the insight and strategy you need to buy or sell with confidence.
Ready to make your move? Contact Brad today to discuss how the latest rate cut could work in your favor.