📊 Bank of Canada Holds Interest Rates

The Bank of Canada announced today that it is holding its key interest rate at 2.25%.

This means no immediate changes to variable-rate mortgages, lines of credit, or lending costs.

So why the hold?
The Bank is taking a cautious approach as:
• Inflation remains slightly above target
• Economic growth is steady but uneven
• Global uncertainty continues to impact the outlook

What this means for you:
✔️ Borrowing costs stay the same (for now)
✔️ Buyers and sellers get a bit more stability
✔️ The next rate move will depend on how inflation and the economy evolve

If you’re thinking about selling, or refinancing, now is a great time to review your options and plan ahead.

📩 Reach out anytime, I’m happy to help you navigate the market.