Lindsay Gordon Realtor

Bank of Canada Holds Interest Rate Steady

Today, the Bank of Canada announced that it is keeping its overnight lending rate unchanged.

So what does that actually mean for you?

🏡 If you have a variable-rate mortgage or a Home Equity Line of Credit (HELOC), your interest rate is tied directly to the Bank of Canada’s rate. Since today’s announcement was a hold, your payments and interest costs won’t change as a result of this decision.

🏡 If you have a fixed-rate mortgage, today’s announcement does not directly affect your rate. Fixed mortgage rates are primarily influenced by bond yields and market expectations rather than the Bank of Canada’s overnight rate.

🏡 If you’re thinking about buying a home, today’s announcement provides some stability and certainty. While many people watch for rate cuts, the reality is that affordability, home prices, inventory, and competition all play a role in determining the right time to make a move.

For homeowners considering a move-up purchase, today’s announcement means there are no surprises for those carrying a variable mortgage or using a HELOC to fund renovations, investments, or a future home purchase.

As always, every family’s situation is different. If you’re wondering how today’s announcement impacts your plans to buy, sell, or move in Burlington, Send me a message anytime.

👋 P.S. In case we haven’t connected yet, I’m Lindsay, a Burlington (and beyond) Realtor helping buyers and sellers make the right moves for you.

Follow lindsaygordonrealestate for real estate tips, local community updates, and real-life glimpses of living in Burlington, Ontario.

Hey Oakville, this beautiful home is for sale and could be yours!

One of the things I love most about this home isn’t just what’s inside…it’s where it is!

Located just steps from Kerr Village, 148 Herald Avenue puts you within walking distance of some of Oakville’s best cafés, restaurants, shops, and waterfront trails. It’s the kind of neighbourhood where you can leave the car at home and enjoy everything the community has to offer.

And the home itself is just as impressive.

This brand-new custom build was thoughtfully designed from top to bottom, with beautiful finishes, large windows that flood the home with natural light, and spaces that feel both sophisticated and welcoming.
The main living area features soaring 20-foot ceilings and an incredible sense of openness. The kitchen was built for gathering, with custom cabinetry, premium appliances, stone countertops, and a generous island at the centre of it all.

Upstairs, each bedroom has its own private ensuite and custom closet, a feature that’s becoming increasingly hard to find and one that makes everyday living so much more comfortable.

The finished lower level offers even more space to spread out, complete with a rec room, an additional bedroom, full bathroom, and plenty of storage.
A beautiful custom home. A walkable Oakville neighbourhood. The best of both.

📍148 Herald Avenue, Oakville | $2,349,900

👋 P.S. In case we haven’t connected yet, I’m Lindsay, a Burlington (and beyond) Realtor helping buyers and sellers make the right moves for you.

Follow lindsaygordonrealestate for real estate tips, local community updates, and real-life glimpses of living in Burlington, Ontario.

Spring has officially arrived in the Burlington market — and we’re starting to see momentum build.
Here’s what’s happening:

• Sales up 16% month over month
• New listings up 52% month over month
• Average price at $1,045,590 (down 1.9% from last month)
• Days on market dropped to 32 days (from 51 - wow!)

So what does this mean? 👇

We’re seeing a clear increase in activity on both sides which means more buyers are jumping back in, and more sellers entering the market. That combination is helping homes sell faster, even though prices softened slightly month to month.

For buyers:
More listings means more choice but with homes selling quicker, you need to be ready to act when the right one comes up.

For sellers:
This is the window many have been waiting for. Buyer activity is picking up and homes are moving faster BUT pricing and preparation still matter to maximize your outcome.

This is what a transitioning spring market looks like, more balanced, but definitely a bit more active.

If you’re thinking about making a move this spring or early summer, let’s get you connected with my team to talk strategy and timing so you can take advantage of this shift.

Here’s how Burlington’s real estate market shaped up in August vs. July...

*Compared to July, sales slowed down (down12%) and fewer new listings came to market (down 28%).
*Prices held steady — up just 1% month over month.
*Homes are taking a little longer to sell, now averaging about 40 days on the market.
*Detached homes continue to lead the way, while the condo market is struggling the most with softer demand and bigger price drops.

Here’s how burlington is comparing to the same time last year...

* More homes sold compared to last year but overall sales for 2025 are still a little behind.�
* Prices have dipped, sitting closer to what we saw back in 2020.�
*Detached homes are still the most popular choice for buyers.�
* Inventory is steady, which means families have more options when shopping for their next home.

What this means for you:�Detached homes are more approachable than they’ve been in years, and the gap between condo and freehold prices has shifted in your favour. Your first home was about getting started. Your next one is about lifestyle, more room for family, a yard for the kids, or a kitchen that finally fits everyone.

Curious what your current home could sell for and what the numbers mean for your next move? Let’s chat! I’ll help you figure out the smartest path forward for you and your needs.