Despite Tariff threats, underlying softness in the economy (unemployment at 6.7% but gradually improving) were enough for the BOC to make a small drop.  The BOC warns that a Tariff war could lead to lower efficiency, growth and output, but higher inflation caused by rising import prices. The next BOC decision isn’t until March and the Bank will have time to assess any geopolitical changes in Canada/US. 

Ottawa Market Stats are out.  As we experienced the typical slowdown around the holidays, the market finished the year on a high note (home sales totaled 13,526 an 11.8% y/y increase) the number of active listings remained high with 3216 (the highest since 2016) and the absorption of new properties will vary greatly depending on property type, condition and location.