08/13/2026
THE INTEREST RATE JOURNEY: 2022 TO NOW
Rates Had Been Sitting At A Rock-Bottom 0.25% Since The Pandemic Began. Then On March 2, 2022, The Bank Of Canada Made Its First Move. The Start Of The Fastest Rate-Hike Cycle In Canadian History.
Here's The Year-By-Year Story, In Simple Terms:
2022 — Rates Went Up: +4.00%
1️⃣Mar 2: +0.25%
2️⃣Apr 13: +0.50%
3️⃣June 1: +0.50%
4️⃣July 13: +1.00%
5️⃣Sept 7: +0.75%
6️⃣Oct 26: +0.50%
7️⃣Dec 7: +0.50%
2023 — Rates Kept Climbing: +0.75%
1️⃣Jan 25: +0.25%
2️⃣June 7: +0.25%
3️⃣July 12: +0.25% (No changes for the rest of the year)
2024 — The Cuts Began: -1.75%
1️⃣June 5: -0.25%
2️⃣July 24: -0.25%
3️⃣Sept 4: -0.25%
4️⃣Oct 23: -0.50%
5️⃣Dec 11: -0.50%
2025 — Rates Kept Easing: -1.00%
1️⃣Jan 29: -0.25%
2️⃣Mar 12: -0.25%
3️⃣Sept 17: -0.25%
4️⃣Oct 29: -0.25% (No changes for the rest of the year)
2026 — Holding Steady: 0.00%
So Far No Changes Through Five Straight Announcements (Jan, Mar, Apr, June, July). Next Decision: September 2, 2026.
The Big Picture: Rates Went From 0.25% All The Way Up To A Peak Of 5.00% In Just Over A Year — The Fastest Climb In Canadian History. Since Then, The Bank Of Canada Has Been Cutting Steadily, And Today We Sit At 2.25%, Less Than Half The Peak. Simply Put: The Hardest Part Is Behind Us, And Borrowing Keeps Getting Easier.
What This Means For You:
Buyers: Lower Rates Mean Lower Payments & Your Dream Home May Now Be Within Reach.
Sellers: More Buyers Are Active As Affordability Improves & The Right Pricing Can Yield Great Results.
Investors: Lower Carrying Costs Make Now A Smart Time To Grow Your Portfolio.
With 18 Years Of Experience Navigating The GTA & Niagara Region's Residential & Commercial Markets, I Can Help You Make Sense Of These Shifts And Build A Strategy For Your Goals.
Let's Connect, Whether In Person Or By Phone
416 884 7707
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