06/11/2026
Rate Update 🚨
The Bank of Canada announced yesterday that it is holding its key interest rate steady at 2.25%
This wasn't necessarily exciting, but stability is often good news for the real estate market.
While some were hoping for a rate cut, I believe the announcement did give us something else important: certainty.
👉 For buyers, stable rates mean you can make decisions with more confidence and less concern about sudden changes to borrowing costs.
👉 For sellers, a steady rate environment helps keep qualified buyers active in the market.
What I'm seeing locally is that many buyers have adjusted to today's rates and are focusing more on finding the right home than trying to perfectly time the next rate move.
If you're wondering how the announcement impacts your specific situation, send me a message. Every move is different, and I'd be happy to help you understand your options.
📱 416.735.5638