07/16/2026
🏦 Bank of Canada Holds Interest Rate at 2.25%
The Bank of Canada announced today that it is holding its overnight lending rate at 2.25%, marking approximately nine months since the last rate change.
What does this mean if you’re buying or selling a home?
✔️ Variable-rate mortgages and lines of credit remain unchanged.
✔️ Stable borrowing costs give buyers greater confidence to move forward.
✔️ Sellers can expect a market that continues to reward accurate pricing and well-presented homes.
✔️ While lower rates may still come in the future, today’s announcement isn’t likely to create an immediate surge in home prices.
The takeaway? The market continues to favour informed decisions—not waiting for the “perfect” interest rate.
If you’re wondering how today’s announcement affects the value of your home or your buying power, we’d be happy to discuss your specific situation.
📞 Karen & Bryan Graham
Team Graham | Royal LePage RCR Realty
Together, We Move You.