–<\/span><\/p>\n Wahi asked real estate<\/a> professionals \u2014 including economists, mortgage brokers, and REALTORS\u00ae \u2014 about their predictions for the Bank of Canada\u2019s next rate announcement.<\/span><\/em><\/p>\n \u00a0<\/span><\/p>\n TORONTO<\/a>, ONT. \u2014March 10, 2025 \u2014 A full-blown trade war, complete with industry-threatening tariffs on Canada. Verbal spats<\/a> between the U.S. president and Canadian prime minister. Threats to make the Great White North America\u2019s 51st state. The Bank of Canada has a lot to contend with ahead of its next interest rate announcement slated for March 12. <\/p>\n So does anyone trying to make a prediction about what the central bank does next. At its first announcement of the year, on Jan. 29, the BoC met the prevailing market expectations by slicing its key policy rate, also known as the overnight rate, by 25 basis points to 3%.<\/p>\n <\/p>\n This time around, market-watchers are largely \u2014 but by no means unanimously \u2014 predicting the Bank of Canada will once again trim its influential overnight rate.<\/p>\n <\/p>\n So suggests an informal Wahi survey of more than a dozen real estate industry professionals, from economists and analysts to homebuilders, Realtors, and mortgage brokers. Respondents were asked whether they anticipate a rate cut \u2014 and, if so, by how much \u2014 as well as the reasoning behind their decision.<\/p>[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]
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