If you’ve been waiting for another interest rate cut before jumping into the housing market, this may be your sign to stop holding out.

RBC just broke away from the rest of the Big Five banks and made a bold call: they believe the Bank of Canada is done cutting rates for this cycle. While some other financial institutions still expect more relief, RBC sees a shift in the bigger picture.

So, what changed?

• Stronger-than-expected consumer spending
• Easing trade tensions
• A federal government signaling more fiscal support

All these point to a stabilizing economy, and that means less pressure on the Bank of Canada to continue slashing rates.

Sure, the Canadian economy isn’t perfect. But it is more stable than it was just a few months ago. According to RBC, unless something significant breaks, the rate you’re seeing today might be as low as it gets.

What Does This Mean for Buyers?

If you’ve been sitting on the sidelines, hoping for a more favourable rate, it might be time to reconsider. The window of ultra-low borrowing costs could be closing sooner than expected. The bottom line is that if you’re waiting for another rate cut, you might be waiting a while.

What do you think? Share this blog with someone who thinks they might be wrong.