10/06/2026
๐ฆ Bank of Canada Holds Interest Rate at 2.25%
The Bank of Canada announced today that it is keeping its key interest rate unchanged at 2.25%.
The decision reflects a balancing act between a slowing economy and ongoing inflation concerns. While economic growth has weakened slightly, inflation risks remain due to global uncertainty, including trade tensions and rising energy prices.
What does this mean for buyers and homeowners?
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Variable mortgage rates remain unchanged for now.
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Borrowing costs stay stable.
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The Bank of Canada will continue to monitor economic conditions closely, and future rate changes could go either way depending on inflation and economic growth.
For now, itโs a welcome pause and provides some stability for Canadians navigating the housing market.