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Should You Buy Now or Wait? Timing Your Move After the Bank of Canada’s September 2025 Rate Cut

September 25, 2025

Introduction

The Bank of Canada rate cut September 2025 brought its policy interest rate down to 2.5%, marking the second reduction this year. For buyers and sellers in Victoria, this decision has sparked a critical question: is now the right time to make a move, or should you wait? The answer depends on your goals, your financial position, and the dynamics of the local market. In this blog, we’ll explore how the cut impacts affordability, inventory, and timing — with insights from a top Realtor Victoria BC, Brad Maclaren.

Why the Rate Cut Matters for Victoria Real Estate

Interest rates shape the real estate market as much as supply and demand. When rates go down, borrowing becomes cheaper, which often leads to increased demand for homes. In Victoria, where affordability has long been a concern, even a modest cut can have a significant impact on purchasing power.

With the policy rate now at 2.5%, mortgage rates are expected to follow suit, giving buyers lower monthly payments and more financial flexibility. For sellers, this means more potential buyers entering the market, which can translate into stronger offers and faster sales.

A Balanced Market Meets Lower Rates

Unlike the overheated conditions seen five years ago, the Victoria real estate market September 2025 is balanced. Inventory is up more than 12% year-over-year, giving buyers breathing room. Prices have remained stable, with single-family homes in the Victoria Core hovering around $1.3 million and condos just above $550,000.

This stability means buyers don’t face the frantic bidding wars of the past, but they do benefit from improved affordability. The combination of higher inventory and lower rates makes this fall an unusually favorable time for well-prepared buyers.

Reasons to Buy Now

For many, the Bank of Canada rate cut September 2025 signals that the time is right to take action. Here’s why:

  1. Lock in Lower Rates Before Demand Surges
    Mortgage lenders have already begun adjusting their offerings. Acting now allows buyers to secure favorable financing terms before increased demand drives competition higher.

  2. Abundant Inventory Across Victoria
    With over 3,600 active listings on the market, buyers have options across neighborhoods like Oak Bay, Saanich, and Langford. A top real estate agent Victoria BC can help identify undervalued properties or homes that meet long-term needs.

  3. Seasonal Advantage
    Fall is traditionally a strong market in Victoria, with motivated sellers returning from summer and new listings hitting the market. Buyers acting early in the season often enjoy more choice.

Reasons You Might Wait

While there are strong reasons to act quickly, waiting could also make sense in some situations:

  1. Potential for More Rate Cuts
    If the Bank of Canada continues its trend into late 2025, mortgage rates could fall further. For buyers who aren’t in a rush, waiting could yield additional affordability.

  2. Financial Preparation
    For first-time buyers, more time to save for a down payment or pay down debt can make the difference between a stretch purchase and a comfortable one.

  3. Seasonal Slowdown Ahead
    Some buyers prefer to wait until late winter or early spring when fewer competitors are active, and motivated sellers are eager to close.

Impact on Sellers

For sellers, the rate cut is good news. More buyers will be able to afford your property, and increased confidence often translates into quicker offers. However, sellers need to remain realistic:

  • Homes must be priced strategically to stand out in a balanced market.

  • Professional staging and marketing are more important than ever.

  • Partnering with a top Realtor Victoria BC ensures your property is presented at its best to capture this renewed demand.

Brad’s Advice as a Top Realtor in Victoria

Brad Maclaren emphasizes that timing is personal. As a top real estate agent Victoria BC, he sees the advantages from both sides:

  • First-time buyers: Now is the time to act. Lower rates and more inventory create an opportunity not seen in years.

  • Upsizers or downsizers: If you’ve found the right property, don’t wait. Conditions are supportive, and competition is only likely to grow as news of cheaper financing spreads.

  • Investors: Watching the market could pay off, especially if another cut occurs. However, opportunities in multi-unit properties or rental homes may move quickly as affordability improves.

Should You Buy Now or Wait?

The decision ultimately comes down to your personal goals. If stability, selection, and lower borrowing costs align with your needs, buying now is a smart move. If your finances aren’t quite ready, or you’re hoping for further rate cuts, waiting could also be valid. The key is to make the choice from a position of confidence, with the guidance of a trusted professional.

Conclusion

The Bank of Canada rate cut September 2025 is reshaping the real estate landscape in Victoria. Buyers gain affordability and choice, while sellers benefit from fresh demand as fall begins. Whether you buy now or wait, one thing is certain: conditions are far more balanced and supportive than they have been in years.

With decades of experience, top Realtor Victoria BC Brad Maclaren is here to help you navigate these changes. As a top real estate agent Victoria BC, Brad combines market insight, negotiation expertise, and personalized strategies to ensure you make the right move at the right time.

Ready to talk strategy? Contact Brad today to discuss how the Bank of Canada’s September 2025 rate cut could work to your advantage.