10/28/2026
📈 Bank of Canada Interest Rate Update
The Bank of Canada has raised its interest rate to 2.50%. 🏦
What does this mean for the real estate market? 🏡
🔑 For Buyers: Higher interest rates can increase borrowing costs and affect how much you may qualify to borrow. Reviewing your budget and mortgage options is more important than ever.
🏠 For Sellers: Changes in borrowing costs can influence buyer affordability and market activity, making the right pricing and marketing strategy essential.
💡 Whether you’re planning to buy, sell, or simply keeping an eye on the market, understanding how interest rates affect your real estate goals can help you make informed decisions.
Have questions about what this means for you? The Susan Taylor Real Estate Group is here to help!
📩 Reach out to start the conversation.