The Bank of Canada announced today that it is holding its overnight rate at 2.25%, marking another rate hold as policymakers continue to monitor inflation, economic growth, and global uncertainty.
What does this mean for real estate?
Buyers can continue planning with greater confidence knowing borrowing costs remain stable.
Sellers benefit from a market where buyers aren't facing sudden increases in financing costs.
Variable-rate mortgages and HELOCs remain unchanged, with prime lending rates holding around 4.45%.
While interest rates are only one piece of the puzzle, stability in the lending environment continues to support a balanced real estate market.
Thinking about buying, selling, or refinancing? Let's discuss your options and create a plan that works for you.
Rene Simpson | Realtor®
Legacy Real Estate Services
403-901-5526 | renesimpson.realtor@gmail.com
renesimpsonrealty.ca
