07/15/2026
The Bank of Canada has decided to hold its overnight lending interest rate at 2.25%.
For many buyers, the first thought is: “I’ll wait until rates come down.” But lower interest rates don’t automatically mean it’s a better time to buy.
When rates fall, more buyers often enter the market, which can increase competition and put upward pressure on home prices.
Today’s announcement means borrowing costs remain relatively stable for now. That gives you time to understand your options, get pre-approved, and make a plan instead of trying to perfectly time the market.
The right time to buy isn’t when rates hit a certain number, it’s when you’re financially ready and the numbers make sense for you.
Thinking about buying in the GTA? Send me a DM or comment READY if you’d like to chat about your options.
