06/10/2026
The Bank of Canada has once again held its key interest rate at 2.25%, citing ongoing global uncertainty, elevated energy prices, and concerns around international trade.
While Canada’s economy remains soft, with modest GDP growth and a slower housing market, inflation has moved higher in recent months, reaching 2.8% in April. Much of this increase is tied to rising oil prices and global supply chain disruptions rather than broad-based inflation across the economy.
The Bank of Canada noted that employment growth has been modest and housing activity remains cautious. However, it expects economic growth to resume in the coming months, while inflation gradually moves back toward its 2% target.
Today’s announcement means borrowing costs remain unchanged for now. The BOC continues to monitor inflation closely and has indicated it is prepared to act if higher energy costs begin to create more persistent inflation pressures.
For buyers and sellers in this GTA Real Estate Market, stable interest rates are providing some predictability as we move through the second half of the year.