The Bank of Canada has decided to hold its key interest rate steady at 2.25%. This comes as Canada’s economy continues to recover, with GDP up by 3.3% in Q2 and unemployment dipping to 6.4% in July. As someone who has helped clients navigate everything from first-time purchases to investment properties and complex estate sales, I know how closely these rate decisions can impact both buyers and sellers. The next rate announcement is set for October 28, 2026, and I’ll be keeping a close eye on how the Bank’s assessment of inflation and the broader economy might shape our local real estate landscape. In changing markets, honest advice and a strong understanding of current conditions are key to making confident decisions.
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