The Bank of Canada's recent interest rate cut to 4.25% may impact B.C. mortgages and housing prices, though its effects remain uncertain. Observers note a significant drop in home sales, with August sales down 26% in Metro Vancouver. The cut could encourage more buyers, particularly first-time buyers, by making mortgages more affordable. However, many may wait for further reductions. While the cut provides relief for existing homeowners, it may not immediately boost housing prices, as demand and supply dynamics continue to evolve.