10/28/2026
Bank of Canada update 📈
• Key rate up 0.25% to 2.50%, first hike since July 2023
• Why: to keep high energy prices from spreading to everything else
• Buying? Fixed rates can move on this, check your rate hold this week
• The buyer's market hasn't flipped overnight. There's still room to negotiate
Next decision: December 9.
Questions about what this means for your search? Send us a message.
Stogios Home Team
Georgina & Christopher Stogios
📱905-520-0920
RE/MAX Escarpment Realty Inc., Ancaster