In this video, Tom Storey discusses the potential impact of upcoming Bank of Canada rate cuts on the housing market. With inflation dropping to 1.6% (or effectively 0% when housing is excluded), there’s a strong likelihood of a 50 basis point cut on October 23, and possibly another in December. While this may initially seem like great news for buyers—improving affordability and increasing purchasing power—Tom emphasizes that broader economic concerns, such as job losses and stagnant demand, may delay real estate price rebounds. He predicts increased conversation and activity leading into 2025, but warns that recovery will vary by region and property type.