Bank of Canada Drops Rates Again — What It Means for Recreation Property Buyers

On September 17, 2025, the Bank of Canada lowered its key interest rate by another 0.25%, bringing it down to 2.50%. For many Canadians, this is welcome news. For those dreaming about a lake property, RV lot, or cabin retreat, it may be the nudge that makes “someday” feel closer to “soon.”

Why This Matters

Many buyers use the equity in their primary homes or take out financing to purchase a recreation property. When interest rates shift downward, borrowing becomes more affordable overall. Even small changes can influence buyer confidence, activity levels, and how quickly people decide to step into the market.

What We’re Seeing

• More affordability: Lower rates can help keep payments manageable for those arranging financing.

• Renewed buyer confidence: People who were waiting on the sidelines may feel ready to explore opportunities.

• Increased activity: Popular communities like Gleniffer Lake, Carefree, and Bergen Springs could see more interest as the season unfolds.

Final Thoughts from the Lake

Living full-time in a recreation community, I see firsthand how moments like this spark excitement. Lower rates don’t just impact the math on paper — they open the door to lifestyle upgrades that once felt just out of reach.

If you’ve been wondering whether now is the right time to start looking, let’s chat. Whether you’re buying, selling, or simply exploring what’s possible, I’d love to help you find your Happy Place.

– Susan Cramer, REALTOR® | Coldwell Banker OnTrack Realty
“Helping you find your Happy Place”