🚨 First 2026 Bank Of Canada Announcement 🚨

Bank of Canada Holds Interest Rates: What It Means for Real Estate

The Bank of Canada announced that it is holding its key interest rate at 2.25%, a move widely expected by economists.

While the rate remains unchanged, the Bank pointed to ongoing economic uncertainty, including global trade risks and unpredictable U.S. trade policies. Because of this, Governor Tiff Macklem noted that it’s difficult to predict when or in which direction the next rate change may occur.

Most economists expect rates to remain stable for the foreseeable future, with nearly 75% forecasting no change through 2026 unless economic conditions shift significantly.

What this means for buyers and sellers

For the real estate market, this decision brings stability:

• Buyers benefit from steady mortgage rates and more predictable affordability

• Sellers can expect continued buyer demand without the pressure of rising rates

• Overall, a stable rate environment that supports balanced market activity and confident decision-making

While future rate changes are still possible, the Bank of Canada is clearly in wait-and-see mode. For now, interest rates remain steady — offering a more predictable landscape for buyers and sellers alike.

If you’re thinking about buying, selling, or refinancing, this may be a good time to have a conversation and plan - not react - to the market.

The next rate announcement is scheduled for March 18.