10/29/2026
🏦 The Bank of Canada raises its key interest rate to 2.50%.
The Bank of Canada announced a 25-basis-point increase to its benchmark interest rate today, October 28th, bringing it from 2.25% to 2.50%.
For Canadians with variable-rate mortgages or lines of credit, borrowing costs will rise as lenders raise their prime rates.
🏡 As market conditions continue to evolve, staying informed is key to making confident real estate decisions.
https://blog.royallepage.ca/bank-of-canada-update-october-2026/