The Financial Post reports in its Tuesday edition that after five straight holds of the Bank of Canada's key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market. A Canadian Press dispatch to the Post says that the BOC is expected to again hold its key rate steady when it announces its decision Wednesday, but it is unclear what direction it will take next. With modest cuts likely in store later this year, possibly in June, it could take months before buyers regain confidence. That uncertainty may keep some buyers cautious throughout the spring, said TD Bank economist Rishi Sondhi. "I think it's a bit of a muddy backdrop there and maybe that might be restraining some of the activity," adding that Canada's housing market is "akin to a bit of a coiled spring." He notes sales activity and prices typically jump when there is a shift "that jolts the market" such as an interest-rate cut. Toronto real estate agent Dean Artenosi called the current moment a "tipping point where the worst is behind us." He said the central bank has signalled that interest rates have "levelled out" through its consecutive rate holds, and that has made buyers more optimistic.