Here’s a good article published in REM September 19 by Karen Yolevski, Royal Lepage explaining how declining rates will eventually trigger more buyers to enter the market, which will cause prices to increase.  The question is when will rates bottom out? https://realestatemagazine.ca/unlocking-homeownership-why-interest-rate-cuts-are-not-the-only-key-to-getting-first-time-buyers-in-the-door/