10/28/2026
🇨🇦 BREAKING NEWS: Bank of Canada Raises Interest Rates! 📈
The Bank of Canada has increased its benchmark interest rate by 0.25%, bringing it to 2.50% — its first rate hike in over three years.
And there could be more increases ahead as the Bank works to keep inflation under control, especially with rising energy costs.
Here are a few key updates:
📊 Inflation: The forecast for 2027 has increased from 2.0% to 3.1%.
📈 Economic Growth: The GDP growth forecast for this year has been revised upward from 0.7% to 1.0%.
🏡 But what does this really mean for YOU?
Whether you’re planning to buy your first home, sell your current property, or make your next real estate move, changes in interest rates can affect your plans.
Not sure how this impacts your situation? Let’s grab a coffee! ☕
I’d love to sit down, go over your specific situation, explore your options, and help you figure out the best strategy moving forward.
Because in real estate, it’s not just about the market. It’s about what makes sense for YOU!
📲 Let’s schedule a time to chat!
Rodrigo Garcia
Keller Williams Experience Realty