Today, in an unscheduled announcement, the Bank of Canada reduced the key interest rate to 2.25%, marking the second cut in just a month. This move comes in response to ongoing economic challenges and trade uncertainties, as the Bank aims to support growth and stability in these uncertain times.
Stay tuned for updates on how this might impact your finances and investments!
I have listed a new property at 702 615 Hamilton Street in New Westminster. See details here
Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.
Welcome to The Uptown at 615 Hamilton St, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a pool table.
Today, September 17, 2025, the Bank of Canada announced a 25 basis point reduction in its key interest rate, bringing it to 2.5%. This marks the first rate cut since March and reflects the Bank's response to a slowing economy and easing inflation pressures.
What This Means for You:
Mortgage Holders: If you have a variable-rate mortgage, you may see a decrease in your monthly payments as lenders adjust their rates.
Borrowers: Lower interest rates can make borrowing more affordable, potentially benefiting those looking to finance major purchases or investments.
Economy: The rate cut aims to stimulate economic activity by encouraging spending and investment, especially in trade-sensitive sectors.
Key Takeaways:
Economic Slowdown: Canada’s GDP contracted by 1.6% in Q2, and over 100,000 jobs were lost in July and August, pushing the unemployment rate to 7.1%.
Inflation Control: Annual inflation stood at 1.9% in August, within the Bank's target range, with core inflation holding around 3%.
Global Factors: Ongoing U.S. tariffs and global trade uncertainties have impacted Canada's export-driven sectors.
Governor Tiff Macklem emphasized that the Bank is prepared to adjust rates further if economic conditions warrant, with the next policy meeting scheduled for October 29, 2025.
Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here
Open House on Sunday, September 14, 2025 2:00PM - 4:00PM
Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, hardwood engineered flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.
Easing prices brought more Metro Vancouver homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9 per cent increase from the 1,904 sales recorded in August 2024. This was 19.2 per cent below the 10-year seasonal average (2,424).
There were 4,225 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2025. This represents a 2.8 per cent increase compared to the 4,109 properties listed in August 2024. This was 1.3 per cent above the 10-year seasonal average (4,172).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,242, a 17.6 per cent increase compared to August 2024 (13,812). This is 36.9 per cent above the 10-year seasonal average (11,862).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2025 is 12.4 per cent. By property type, the ratio is 9.3 per cent for detached homes, 15.8 per cent for attached, and 14 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
🚨 Now offered at just $844,900!!! 🚨
🔥 An incredible value for this size, location & lifestyle! 🔥
🏡 #702-615 Hamilton Street
✨ Bright + Spacious 2 Bed + Den, 2 Bath
✨ 1,275 Sq Ft of thoughtfully designed living space
✨ Private, covered balcony (northeast exposure ☀️)
✨ Versatile den – perfect home office 💻
✨ Oversized windows 🌟 Engineered hardwood 🪵 Gas fireplace 🔥
✨ Modern kitchen with central island 🍳
💪 Building perks: fitness centre, social/amenities room with pool table 🎱 + more!
🎆 Don’t miss out on this amazing opportunity to live in the heart of Uptown New West – at this new price, it won’t last long!!! 🎆
📲 DM me today for details or to book your showing!
Home sales registered on the MLS® across Metro Vancouver in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).
There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,168, a 19.8 per cent increase compared to July 2024 (14,326). This is 40.2 per cent above the 10-year seasonal average (12,249).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.
