06/10/2026
The Bank of Canada did what was expected, and held the rate again today(June 10th). And going forward the expectation is another rate hold in July.
Therefore Market conditions should remain the same with prices continuing to stabilize and inventory climbing. Great conditions for first time buyers, and owners wanting to upgrade/upsize property types(condo to townhome, or townhome to detached). Time to go bigger!
📲📞☎️Let’s chat! and see if it’s your time to make a move🏠
The Bank of Canada has held its overnight lending rate at 2.25%. With Canada in a technical recession and inflationary pressures persisting, the decision to hold was a measured response to an uncertain economic backdrop. For buyers and sellers, it means borrowing costs remain predictable. Check back soon for our full market insights.