Simcoe County saw a clear uptick in real estate activity this week — and with the Bank of Canada announcing another rate cut yesterday, buyers have even more incentive to step off the sidelines.
If you're planning a move, this combination of rising demand and easing borrowing pressure is worth paying attention to.
Simcoe County experienced a noticeable rebound in buyer activity this week:
146 homes sold (up from 94 last week — a 55% increase)
Average sale price: $789,039 (slight dip from last week)
New listings slightly decreased, meaning fewer new competitors for sellers
Active inventory stayed stable, keeping the market balanced
Homes are selling closer to asking price, averaging 97% of list
Days on market rose slightly to 47 days, showing buyers are active but still selective
Bottom line: Buyers are moving again — but they're still comparing options and value. Sellers who price strategically and present well are winning.
Yesterday, the Bank of Canada reduced the overnight lending rate by 0.25%, bringing rates down again after previous cuts earlier this year.
The Bank also hinted this may be the last cut for a while, signalling a pause unless economic conditions change.
Why this matters: Lower policy rates help reduce borrowing costs and support buyer confidence — especially for those entering the market for the first time or moving up.
Here’s what this combination of local market momentum + lower rates means for homeowners and buyers:
More showings, more offers, and a surge in weekly sales suggest momentum is returning.
A quarter-point cut may not change payments dramatically overnight, but psychologically it matters — and every bit helps.
Since this may be the final cut for now, expect some urgency among motivated buyers wanting to secure financing.
Inventory is steady — not spiking — which gives serious sellers an advantage if they price right and market effectively.
This window — easing rates + active buyers + stable supply — creates a strategic opportunity for sellers who don’t want to wait for spring competition.
If you’re planning to sell in the next 3–6 months, now is the time to:
Review your selling timeline + strategy
Capture fall/winter photos before snow (key in our market)
Understand buyer trends in your neighbourhood
Prepare your property for max value
With higher buyer activity and stable inventory, sellers who prepare now can get ahead of the winter rush.
We’d be happy to review your home, neighbourhood, and goals — and build a plan tailored to current market conditions.