05/08/2026
🏦 The Bank of Canada has held its key interest rate steady at 2.25%, and with the spring market in full swing, that stability comes at the right time.
Here’s what it means for you ⬇️
Variable rate mortgages: No change for now, so your payments stay consistent while the market stays active.
Fixed rate mortgages: No immediate impact, but this kind of stability helps you plan with a bit more confidence as you look toward renewal.
Buying or building a home: With more listings hitting the market and steady rates, it’s a great time to explore your options and make a move with clearer expectations.
Selling: Spring momentum + stable rates = motivated buyers who feel more comfortable making decisions, helping keep demand strong.
While things can always shift, a steady rate during one of the busiest times of year helps create a more balanced, confident market for everyone.
Let’s build your future, together!
◽️ Nicole McMillan, Realtor®
◽️ Nicole McMillan Personal Real Estate Corporation
◽️ Royal LePage Prime Real Estate
◽️ 📞 (204) 295-4441
◽️ Buy • Sell • Build • Invest
◽️ Proudly Representing Schulz Homes
◽️ Email: [email protected]