07/15/2026
π’ Bank of Canada Holds Interest Rate at 2.25%
As expected, the Bank of Canada has kept its key interest rate unchanged at 2.25%. This marks another pause as the Bank continues to balance inflation concerns with signs of economic recovery. Officials noted that Canada's economy is showing resilience, but they also lowered their 2026 growth forecast while expecting inflation to remain close to target over the coming years. οΏ½
Reuters +1
What does this mean for buyers and sellers?
π‘ Home Buyers: Variable-rate mortgages remain unchanged for now, helping keep borrowing costs stable.
π Homeowners: If you have a variable-rate mortgage or HELOC, your payments should remain the same unless your lender changes its prime rate.
π Sellers: Stable interest rates can help maintain buyer confidence and keep more qualified buyers active in the market.
The real estate market continues to be driven by local supply and demand, so if you're thinking about buying, selling, or refinancing, now is a great time to discuss your options.
π Have questions about what this means for your real estate plans? I'm always happy to help!
Ricardo Medeiros
Real Estate Broker
RE/MAX Real Estate Centre Inc.
π± 416-854-1325