The Globe and Mail reports in its Wednesday, Oct. 16, edition that the Canadian Real Estate Association is predicting that 2025 will be the year when home buyers return to the market. The Globe's Rachelle Younglai writes that the Bank of Canada is expected to continue cutting its key interest rate. Despite the BOC reducing rates in June, July and September, the cost of a mortgage is still relatively high, leading to many prospective buyers being unable to handle the monthly payments. CREA economist Shaun Cathcart mentioned that it now makes more sense to wait than it did a few months ago. The cheapest five-year fixed mortgage rate is now below 5 per cent. The current rate is lower than a year ago but still more than double the rate during the early years of the pandemic. There is a case building for the BOC to cut interest rates more aggressively, especially with recent official data showing a slowdown in inflation and economic activity. Mr. Cathcart also stated that a few months ago, it was difficult to get a really good rate for a few years. However, now there is a chance that a pretty good interest rate will be available by next spring. The Globe says private-sector economists agree with this perspective.