09/03/2026
📊 BANK OF CANADA KEEPS RATES STEADY
No change to the overnight rate this time around. 🇨🇦
The Bank of Canada is keeping its overnight rate at 2.25%, as recent economic indicators point to continued improvement.
Here’s a quick look at what’s happening:
📈 Canada’s GDP grew 3.3% in Q2
📉 Unemployment fell slightly to 6.4%
🎯 Inflation remains relatively close to the Bank’s 2% target
🏡 Housing activity has also shown signs of improvement
At the same time, the Bank is watching the potential impact of higher oil prices and renewed tariffs on the Canadian economy.
For buyers, sellers and homeowners, the takeaway is simple: rates are holding steady for now, giving the market some stability heading into fall.
📅 Next rate announcement: October 28, 2026
🏡 Wondering what this means for your real estate plans? Let’s chat.
LD Realty – Royal LePage West
Gilles Laliberte 604-839-5686
John Di Tosto 604-961-1847
Danny Camele 604-518-2025