06/10/2026
June 10, 2026:
Today, the Bank of Canada (BoC) kept rates at 2.25%, the fifth consecutive time and signalling that rate changes are unlikely for now.
The “Why”:
1️⃣ Higher oil/gas prices fueled by Middle East conflicts.
2️⃣ Ongoing U.S. trade uncertainty.
3️⃣ A sluggish Canadian economy pulling back more than expected.
4️⃣ Persistent headline inflation risks.
The Impact:
🏡 Variable Holders: No change to your rate, payments or interest costs.
📉 Fixed Holders: Today’s BoC decision was widely expected so bond markets had already priced it in. The ongoing conflict in the Middle East continues to put pressure on bond yields, making it harder for lenders to lower fixed-rate pricing.
🌎 The Global View: The next US Federal Reserve interest rate decision will be announced on June 17, 2026. The Fed is widely expected to hold the current federal funds target rate steady.
The Bottom Line: There is no “one size fits all” strategy for real estate. If you have a renewal or a purchase coming up, do your research and figure out what makes sense for your unique situation.
🗓️ Next big update: July 15, 2026.
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