Bank of Canada Holds Interest Rate at 2.75%, Warns Trade War Could Lead to Recession

On April 16, 2025, the Bank of Canada (BoC) announced its decision to maintain the target for the overnight rate at 2.75%, marking a pause after seven consecutive rate cuts. This decision reflects the central bank's cautious approach amid escalating trade tensions and economic uncertainties.

Economic Context and the Impact of U.S. Tariffs

The Canadian economy ended 2024 on a strong note, with inflation near the 2% target and increased household spending. However, the introduction of new U.S. tariffs on Canadian goods, including steel, aluminum, and automotive products, has introduced significant volatility into financial markets. Governor Tiff Macklem described this situation as a "once-in-a-century economic shock," highlighting the unprecedented nature of the disruptions caused by recent U.S. trade policies

Bank of Canada's Response and Economic Outlook

In response to these challenges, the BoC has opted for a cautious approach. Rather than providing a single economic forecast, the BoC has presented two scenarios to account for the potential outcomes of U.S. trade policies. In the first scenario, where tariffs are limited in scope, the Canadian economy may experience weak growth. In the second, more severe scenario, a prolonged trade war could lead to a significant and prolonged recession .​

Global Economic Implications

The repercussions of the U.S. tariffs extend beyond Canada's borders. Global financial markets have experienced turmoil, with sharp declines in stock markets and a weakening U.S. dollar. The World Trade Organization (WTO) has warned that these tariffs could reverse global trade growth, lowering its forecast from +2.7% to a -0.2% decline .​

Looking Ahead

As the situation develops, the Bank of Canada remains prepared to act decisively if incoming information points clearly in one direction. The central bank's primary objectives are to ensure that inflation remains under control and to support economic growth during these uncertain times .​

Conclusion

The Bank of Canada's decision to hold the interest rate steady reflects the complex and unpredictable economic landscape shaped by international trade tensions. While the immediate future remains uncertain, the BoC's cautious stance underscores its commitment to navigating these challenges effectively. For more detailed information on the Bank of Canada's policies and economic outlook, you can visit their official website at bankofcanada.ca.​

For a more in-depth understanding of the Bank of Canada's recent interest rate decision, you can watch the following video: Bank of Canada holds interest rate steady amid tariff turmoil

Need Guidance on How the Latest Interest Rate Decisions Affect You?

The Bank of Canada's decision to hold interest rates at 2.75% in response to global trade tensions could have significant implications for homeowners, investors, and businesses alike. If you're unsure how this decision impacts your financial strategy or if you're looking for expert advice on navigating the current economic landscape, we're here to help.

Contact us today for personalized insights and assistance in managing your investments or real estate decisions in these uncertain times. Let’s work together to ensure you make informed, confident choices moving forward.

As short-term rentals (STRs) become more common, cities around the world are putting regulations in place to manage their growth. Winnipeg is no exception, introducing a set of rules designed to ensure that STRs benefit both property owners and the broader community. These regulations aim to safeguard housing availability and maintain neighborhood integrity while allowing homeowners and investors to take advantage of the STR market. If you're planning to operate an STR in Winnipeg, here’s a breakdown of what you need to know.

Obtaining Your Business License

In Winnipeg, anyone operating a short-term rental is required to secure a business license from the City of Winnipeg. Each rental property needs its own individual license, which must be renewed annually. This licensing process ensures that STRs are legally registered and adhere to city guidelines.

Considering Property Ownership? Here Are Some Helpful Resources:

• 6 Potential Insurance Challenges for Home Buyers

• Is the Winnipeg Real Estate Market Becoming More Valuable?

• Moving Up From a Condo? A Guide to Buying and Selling

Primary Residence Rule: What You Should Know

A key regulation is that, starting February 23, 2023, only primary residences are allowed to be used as short-term rentals for new property purchases. This rule is intended to curb the trend of investors converting multiple properties into full-time STRs, which can contribute to the shortage of long-term rental housing. However, if you purchased additional properties before this date, you're still permitted to operate up to three non-primary residences as STRs.

Rental Night Limits: What’s Allowed and What’s Not

• If you’re not staying on the property, you can only rent it out for up to 150 nights per year.

• If you remain on-site during a guest's stay, there are no limits on the number of rental nights.

• Individual bookings are capped at 29 consecutive nights to ensure STRs aren’t used as long-term rentals.

Taxes and Fees to Keep in Mind

Winnipeg charges a 6% accommodation tax on STR bookings, which is comparable to the tax imposed on hotels. Hosts are required to collect this tax from guests and remit it to the city on a quarterly basis.

New to Home Buying? These Posts Can Guide You:

• Navigating the FHSA: A Valuable Tool for First-Time Home Buyers in Winnipeg

• Should First-Time Buyers Aim for a Forever Home or Something Else?

• What to Know Before Buying a Condo (Besides the Unit Itself)

Ensuring Safety and Compliance

To maintain a safe environment for guests and preserve neighborhood safety, STR operators in Winnipeg must adhere to specific guidelines:

• Human Trafficking Awareness: Hosts must display information provided by the National Human Trafficking Education Centre within their rental properties.

• Fire Safety: Smoke detectors, carbon monoxide detectors, and fire extinguishers must be in good working condition in all rental properties.

• Emergency Protocols: A posted emergency contact number and evacuation plan must be available for guests.

Why These Regulations Matter

Winnipeg’s updated short-term rental regulations are designed to strike a balance between home-sharing and community well-being. By enforcing proper licensing, taxation, and safety measures, the city aims to prevent challenges such as the over-conversion of properties into STRs, potential disruptions to neighborhood stability, and safety risks for guests.

If you're considering operating an STR in Winnipeg—whether you're new to the scene or an experienced host—it's crucial to stay informed and ensure your business remains compliant with these new rules to avoid fines or even losing your license.

For more detailed information on licensing and compliance, check out Winnipeg.ca.

Ready to Navigate the Short-Term Rental Market with Confidence?

Whether you're a seasoned investor or a first-time host, staying ahead of the regulations and ensuring your property is compliant is key to a successful short-term rental business. If you need assistance understanding the new rules, securing your business license, or managing your STR operations smoothly, we’re here to help!

Reach out to us today and let’s make sure your short-term rental in Winnipeg is running smoothly, legally, and profitably. https://tysellswpg.com/ to get started!

Embarking on the journey to homeownership in Winnipeg presents a pivotal decision: should you invest in a brand-new construction or opt for a resale home? Each choice offers distinct advantages and considerations. This comprehensive guide delves into the pros and cons of both options, helping you make an informed decision aligned with your lifestyle, budget, and long-term goals.

Advantages of Buying a New Construction Home in Winnipeg

1. Customization Opportunities

Purchasing a new build often allows for personalization. From selecting floor plans to choosing finishes like countertops and flooring, you can tailor your home to reflect your style and needs. This is particularly beneficial if you're planning for future family growth or specific lifestyle requirements.

2. Modern Design and Features

New homes are constructed with contemporary living in mind. Expect open-concept layouts, energy-efficient appliances, smart home technology, and modern amenities that cater to today's homeowners.

3. Lower Maintenance Costs

With everything brand new, maintenance expenses are typically minimal in the initial years. Additionally, most builders offer warranties covering structural components and major systems, providing peace of mind.

4. Energy Efficiency

New constructions adhere to current building codes, incorporating energy-efficient materials and systems. This not only reduces your environmental footprint but can also lead to significant savings on utility bills.

Considerations When Buying New Construction

1. Higher Initial Costs

New homes often come at a premium compared to resale properties. Upgrades and customizations can further increase the overall cost.

2. Longer Wait Times

Depending on the construction stage, there might be a waiting period before you can move in. Delays due to weather or supply issues can extend this timeline.

3. Developing Neighborhoods

New developments may lack mature landscaping and established community amenities. It might take time for schools, parks, and shopping centers to be built nearby.

4. Additional Expenses

Items like window coverings, landscaping, and fencing are often not included in the base price. Budgeting for these extras is essential.

Benefits of Purchasing a Resale Home in Winnipeg

1. Established Neighborhoods

Resale homes are typically located in mature communities with developed infrastructure, including schools, parks, and shopping centers. The presence of mature trees and landscaping adds to the neighborhood's charm.

2. Unique Character and Architecture

Older homes often feature distinctive architectural details and craftsmanship not commonly found in new builds. If you appreciate character and history, a resale home might appeal to you.

3. Immediate Availability

Resale homes are usually move-in ready, making them ideal if you're on a tight timeline or prefer to avoid the uncertainties of construction delays.

4. Potential for Negotiation

There's often more room for price negotiation with resale properties, especially if the home has been on the market for a while.

Considerations When Buying a Resale Home

1. Maintenance and Repairs

Older homes may require updates or repairs, such as roof replacements, plumbing upgrades, or electrical system enhancements. These can add to the overall cost of ownership.

2. Limited Customization

Unless you're planning a renovation, you're purchasing the home as-is. This might mean compromising on certain features or layouts.

3. Energy Efficiency

Resale homes might not be as energy-efficient as new constructions, potentially leading to higher utility bills.

4. Competitive Market

Desirable resale homes in established neighborhoods can attract multiple offers, leading to bidding wars and increased prices.

🔍 Making the Right Choice for You

When deciding between a new construction and a resale home in Winnipeg, consider the following:

• Budget: Determine what you can afford, including potential renovation or upgrade costs.

• Timeline: Assess how quickly you need to move in.

• Lifestyle Needs: Consider your preferences for customization, neighborhood amenities, and home features.

• Long-Term Goals: Think about your plans for the future, including family growth and resale value.

Winnipeg Real Estate Market Insights

Winnipeg's real estate market offers a diverse range of options for both new constructions and resale homes. According to local real estate experts, the city's affordability and variety make it an attractive destination for homebuyers. Whether you're seeking a modern, customizable new build or a charming, established resale property, Winnipeg has something to offer.

📞 Ready to Explore Your Options?

As a dedicated Winnipeg real estate agent, I'm here to guide you through every step of your home-buying journey. Whether you're leaning towards a new construction or a resale home, I can provide insights, resources, and support to help you make the best decision for your unique situation.

Contact me today to schedule a consultation and start your journey to homeownership in Winnipeg!

Let’s get straight to it — yes, home staging is absolutely worth it when selling your property in Winnipeg.

I’m Ty, a real estate agent here in Winnipeg, and I’ve seen time and time again how staged homes sell faster, get more attention, and often fetch higher offers than those that aren't staged. Whether you're working with a charming bungalow in River Heights or a modern home in Bridgwater, the way your home shows up to buyers matters — big time.

In this blog, I’ll break down:

• Why staging works (with stats!)

• How it applies specifically to Winnipeg’s market

• Real-world examples

• What options you have (even on a budget)

• And who usually pays for it

Let’s dive in.

Why Staging Works (and What the Numbers Say)

According to the 2023 National Association of Realtors (NAR) report:

• 81% of buyers said staging made it easier to picture the property as their future home.

• 20% of buyers’ agents said staged homes sold for 1-5% more than similar unstaged homes.

In a market like Winnipeg, where well-priced homes are already moving quickly, staging gives you that extra edge. Think of it as the difference between a good listing and a standout listing that sparks multiple offers.

Winnipeg Buyers Are Visual (and Emotional) Shoppers

Most buyers start their home search online. That means photos and video walkthroughs need to shine — and staging makes that happen.

Here in Winnipeg, I’ve seen how buyers react differently to staged homes. In areas like Tuxedo or Sage Creek, where competition can be fierce, staging helps homes look modern, clean, and ready to move in — even if they’re older builds.

✅ A staged home feels bigger
✅ It photographs better (which equals more clicks and showings)
✅ It creates that “wow” feeling that makes buyers fall in love

The Local Advantage: Staging for Winnipeg’s Seasons

Selling in the winter? Staging is even more important. Cold, grey days can make homes feel gloomy, but a few warm lighting tricks, plush throws, and seasonal touches can create a cozy vibe that buyers crave.

In the spring or summer? You have the chance to stage indoor and outdoor spaces — think patios, gardens, or balconies. A few planters and café chairs can sell a lifestyle, not just a structure.

What Happens When a Home Isn’t Staged? (Real Example)

Not long ago, I listed two similar properties in the same neighborhood. One seller agreed to light staging (just a few key furniture swaps, art, and lighting). The other kept the home empty.

The staged property sold within 7 days — and above asking.
The empty one? It sat for over a month, and we ended up dropping the price by $10K.

That’s the kind of impact staging can have.

Can You Stage on a Budget?

Absolutely. You don’t need to go full HGTV with furniture trucks and a total home makeover (unless you want to). Here are a few budget-friendly staging tips I often give my clients:

1. Declutter like a minimalist.
Clear counters, tidy shelves, and hide personal items like family photos.

2. Let there be light.
Swap heavy drapes for lighter ones and make sure every room has working light bulbs (preferably warm-toned).

3. Create cozy spaces.
Use pillows, throws, and neutral decor to make each room feel inviting.

4. Focus on the first impression.
Your entryway and front door area should be spotless. Add a welcome mat or small potted plant.

5. Use what you have.
Many times, we can rework your existing furniture with a few accessory swaps and layout changes.

Who Pays for Staging in Winnipeg?

This depends on your real estate agent and your agreement.

Personally, I offer a complimentary staging consultation to every seller I work with. In many cases, we use what you already have. If we need additional pieces, I have access to a staging inventory we can use at no extra cost for light staging.

For vacant homes or large accessory stages, we discuss options like:

• Rolling costs into the commission

• Virtual staging (for budget-conscious sellers)

• Partial room staging (focusing only on key areas like the living room, primary bedroom, and kitchen)

The bottom line? We’ll work with your budget and your goals.

Is Staging Worth It? Final Thoughts from a Winnipeg Realtor

In my experience, staging is one of the best investments you can make before putting your home on the market.

It’s not about deceiving buyers — it’s about helping them see the potential and fall in love with your space. In today’s competitive Winnipeg market, especially when buyers are swiping through dozens of listings a day, first impressions can make or break a sale.

So yes, staging is worth it — and I’d love to help you decide the best staging strategy for your unique home.

Want a personalized staging consultation?
Let’s connect. I’ll walk you through your space and share a custom plan that helps you stand out — whether you’re selling tomorrow or next year.