06/10/2026
Another Bank of Canada announcement. Another rate hold. The overnight rate remains at 2.25%, keeping prime at 4.45%.
At first glance, it feels like nothing has changed. But behind the scenes, there’s a lot happening.
Inflation has moved higher because of rising energy costs. The economy remains sluggish. Housing activity is improving, but many buyers are still sitting on the sidelines waiting for more certainty.
If you’re planning to buy this year, the current market may offer more opportunities than you think. Inventory has improved, prices have stabilized in many areas, and competition remains lower than we’ve seen in recent years.
If you’re up for renewal, this is your reminder not to simply sign the first offer that lands in your inbox. A review of your options could help improve cash flow, consolidate debt, or better align your mortgage with your goals.
The rate didn’t change today, but your opportunities might have.
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