06/10/2026
The Bank of Canada announced today that it is holding its key interest rate at 2.25%.
If you were hoping for a rate cut, this probably wasn't the news you were looking for. But it does mean borrowing costs remain stable for now. If you're looking at buying, that can make it a little easier to plan and budget with greater confidence in the short term.
What I continue to see in Ottawa is a market offering more choice and less urgency than we experienced a few years ago. Buyers typically have more time to make decisions, while sellers who prepare, price and present their homes thoughtfully are still finding success.
Every market brings opportunities and challenges. The key is understanding how current conditions affect your own plans and timing.
If you'd like to talk about how today's announcement impacts your situation, feel free to reach out.