09/02/2026
RATES ARE STEADY.
THE MARKET IS MOVING.
The Bank of Canada has held its policy rate at 2.25%, providing some stability while the economy continues to evolve.
Why the hold?
GDP grew 3.3%
Unemployment declined to 6.4%
Housing activity showed signs of a rebound
Inflation remains around 3% which is largely driven by higher gasoline prices, while trade and global uncertainty continue to weigh on the outlook.
What does this mean for real estate?🏡
For BUYERS, a rate hold offers some consistency, but affordability still depends on mortgage rates, prices, inventory and individual finances.
For SELLERS, interest rates are only one piece of the equation. Local inventory, buyer demand, property type and pricing strategy continue to matter.
The rate may be steady.
The market is not.
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Thinking about buying or selling? Let’s talk about what today’s market means for you.
Krystal De Roche
[email protected]
6474075821