09/02/2026
Bank of Canada holds rate at 2.25%
The Bank of Canada has kept its overnight rate at 2.25%, keeping borrowing costs unchanged as the economy continues to recover.
🏠 GDP grew 3.3% in Q2, following a weak first quarter.
📈 Housing activity rebounded after several softer quarters.
👷 Unemployment edged down to 6.4% in July, though the labour market remains soft.
📊 Inflation remains around 3%, while inflation excluding gasoline is closer to 2.2%.
For buyers and sellers, the message is simple: rates are holding steady for now, while the Bank monitors the strength of the economic recovery.
We’ll be watching what this means for buyer confidence, borrowing costs and housing activity heading into the fall market.