A home for sale in Toronto in 2023. With the Bank of Canada expected to keep rates on hold, cautious buyers and sellers might finally jump into the market, realtors say.

The Bank of Canada announced Wednesday that it is holding its key interest rate steady after an aggressive cycle of cuts over the past year. Realtors and economists say the pause could bring both buyers and sellers back into the housing market after months of hesitation.

The central bank kept its overnight rate at 2.25 per cent, and economists expect it to remain unchanged for several months.

The predictability that comes with an extended rate hold can be a catalyst for activity in a market that has been marked by volatility and shifting expectations.

“Certainty is a wonderful thing for the housing market,” said Ro

See Full Page