07/15/2026
šØ The Bank of Canada made its interest rate announcement today and there were no surprises!
The overnight rate is staying at 2.25%, exactly what economists were expecting. This is the 6th rate hold in a row.
So what does that actually mean for you?
š” For buyers: Mortgage rates aren't facing new upward pressure, giving you more confidence to plan your purchase.
š For sellers: Stability is a good thing. When buyers know borrowing costs aren't increasing, it removes another layer of uncertainty and helps keep people moving.
The Bank also noted that while the housing market has been slower, it's starting to stabilize. Inflation is still elevated, mostly because of higher gas prices, but it's expected to gradually ease over the coming months.
One thing I've learned over the years is that the best opportunities often show up when the market feels uncertain. Buyers have more negotiating power, sellers upgrading to their next home can often save more on the purchase than they give up on the sale and strategic decisions can create incredible long term value.
The key isn't trying to time the market perfectly, it's having a plan and working with someone who knows how to find the opportunities.
The takeaway?
We're heading toward the fall with a much more stable outlook than many expected just a few months ago. There are still global uncertainties to watch but today's announcement keeps the market moving in the direction most experts anticipated.
Thinking about buying, selling or upgrading this year? Send me a message and let's build a strategy around today's market, not yesterday's.š²
