06/10/2026
š The Bank of Canada just announced itās holding its key interest rate steady at 2.25 percent for the fifth consecutive time.
What does this mean for the Durham Region and GTA real estate markets? š”š
š For Buyers: The guessing game pauses. With rates holding steady, you have a clearer window of predictability to lock in your pre-approvals and budget for your next move without fearing sudden monthly payment spikes.
š For Sellers: Consumer confidence is stabilizing. Buyers who were sitting on the fence waiting for rates to plunge or soar are getting used to this "new normal," keeping local demand steady as we move through the warmer months.
Whether you're looking to make a move in Whitby, eyeing a townhouse in Oshawa, or selling in Port Perry, predictability is your best friend right now.
Thinking about making a move this summer? Letās chat about your strategy in the comments or send a message!
Jane Smythe, REALTORĀ®
Royal LePageĀ® Frank Real Estate, Brokerage
[email protected]
www.janesmythe.com
Direct: 416-938-4812
Office: 905-985-9898
Toll Free: 866-447-4434