Royal LePage Network Realty Corp. Innisfail

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09/03/2026

The Bank of Canada has maintained its overnight lending rate at 2.25%, keeping rates steady as Canadians continue to navigate evolving economic and housing market conditions.

What does today’s decision — and the Bank’s latest economic outlook — mean for Canada’s real estate market?

https://blog.royallepage.ca/bank-of-canada-update-september-2026/

06/11/2026

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.

01/24/2024

Holding at 5%: The Bank of Canada announces a fourth consecutive rate hold, maintaining its key lending rate at 5%.

However, major housing markets across the country have already reported an uptick in buying and selling activity since the start of the year. In its latest quarterly Home Price Update, Royal LePage predicted that the market would begin to rebound in the first quarter of 2024, even before a cut to interest rates is made.

The central bank's next announcement is scheduled for March 6.

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T4G1N7

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