Bank of Canada Holds Interest Rate at 2.25%: What It Means for Buyers & Sellers
Posted by Tanya Rocca on
The Bank of Canada has officially announced that it is holding its key interest rate at 2.25%—a decision that came as no surprise to economists and market watchers across the country.
This pause was widely expected, with most experts predicting we’ve entered a period of stability after years of aggressive rate movement. In short: the Bank is taking a breath, and so is the housing market.
But what does this actually mean if you’re thinking about buying or selling a home?
Let’s break it down!
A Shift Toward Stability
Economists are forecasting a steady rate pattern in the months ahead, suggesting that we may be near the bottom of the interest rate cycle. While dramatic drops are unlikely, this also means mortgage…
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