06/10/2026
Yes. On June 10, 2026, the Bank of Canada held its key policy interest rate at 2.25%, leaving it unchanged for the fifth consecutive rate announcement.
Key points from the decision:
* Policy rate remains at 2.25%.
* The Bank cited concerns about balancing inflation risks with weak economic growth.
* Inflation was running around 2.8%, while core inflation had eased.
* Most economists expect rates to remain unchanged for the rest of 2026, although some markets are pricing in a possible increase later in the year.
For homeowners and buyers in Canada:
* Variable-rate mortgages and lines of credit are generally unaffected by today’s announcement.
* Fixed mortgage rates depend more on bond yields and may move independently of the Bank of Canada’s policy rate.
If you’re in the Greater Toronto Area and considering a purchase, renewal, or refinance, I can explain what this hold could mean for mortgage rates and the real estate market over the next 6–12 months.
