🔹 Current Rate: The Bank of Canada is holding its key overnight interest rate at 2.25%. There hasn’t been a hike or cut in the most recent decision — the rate has been at this level following reductions in 2025 as the Bank responded to economic conditions.

🔎 What That Means for You

🏡 For Buyers:
• Stable rates mean borrowing costs are not rising right now, so monthly mortgage costs for variable-rate loans and HELOCs remain more predictable.
• Fixed mortgage rates are set by the bond market rather than the Bank’s rate, but the pause still helps with planning since lenders aren’t rushing to raise pricing.
• If you’re shopping for a home, locking in a pre-approval now can protect your buying power while you wait for the right property.

📈 For Sellers:
• Stable rates help keep buyer demand consistent — not spiking, but not declining sharply either.
• Buyers who’ve been waiting on rate relief may be more willing to engage now that there’s clarity on borrowing costs.
• Well-priced and well-positioned listings tend to attract attention even in a steady rate environment.

💬 Questions about how today’s rates affect your buying or selling strategy? I’m here to help!