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.
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