09/03/2026
🏡 Bank of Canada Update: What Does It Mean for St. Marys?
The Bank of Canada is holding its overnight rate at 2.25%, keeping borrowing costs steady as we head into the fall market.
For St. Marys buyers:
A steady rate environment means more certainty when planning your purchase and monthly budget. With homes taking time to sell, there may also be opportunities to negotiate.
For St. Marys sellers:
Buyers are still watching their budgets closely, so pricing your home correctly from the start matters. Presentation, condition and a strong marketing strategy can make a real difference.
The bottom line? It’s a market where preparation matters — whether you’re buying or selling.
Thinking about a move in St. Marys this fall? Let’s talk about what today’s rate decision could mean for you.
Cathie Szmon, Broker of Record
Peak Select Realty Inc., Brokerage
Call/Text 519-272-6019
[email protected]
www.cathieszmon.com