Another Rate Cut by the Bank of Canada

With high interest rates finally easing, the Bank of Canada has started to reduce lending rates, recently announcing another rate cut. Financial experts widely agree that this downward trend will likely continue through 2025, aiming to relieve financial pressure for Canadians.

If you’re considering a New Metric Home, now is an excellent time to explore your mortgage options. With interest rates projected to decline further into 2025, the rate you secure today will likely improve by the time your new home is ready for occupancy in Fall 2025/Spring 2026. Most lenders will lock in today’s rate with your mortgage offer, and if rates drop by closing, they’ll provide you with the better rate.

While housing supply in Canada remains limited, demand will rise as consumer confidence returns, pushing home prices up. This also means current builder promotions and discounts may not last. With rates falling and prices expected to rise, now is an ideal time to consider building your dream home with Metric Homes.