09/02/2026
The Bank of Canada held its key interest rate at 2.25%, giving Peterborough and Kawarthas homeowners, buyers, sellers, and businesses another reason to review their mortgage, budget, and real estate plans.
The Bank of Canada is holding steady.
Today, the central bank announced it will maintain its key interest rate at 2.25%. Inflation and global uncertainty remain key concerns, including trade pressures and conflict in the Middle East. The Bank is taking a cautious approach while it watches how these issues affect prices, growth, and household spending.
For homeowners and buyers, this rate hold may mean mortgage payments and borrowing costs remain fairly steady for now. It does not mean rates will drop quickly, and it does not mean every buyer or seller should wait.
For Peterborough real estate, the practical takeaway is simple:
• Buyers should review affordability and monthly comfort level
• Sellers should price carefully using recent comparable sales
• Homeowners with renewals coming up should speak with their mortgage professional early
• Businesses should watch cash flow, supply costs, and local demand
• Anyone planning a move should focus on real numbers, not headlines
A steady rate can create a little more confidence, but local market conditions still matter. Your neighbourhood, home condition, timing, and financing all play a role.
If you are thinking about buying, selling, refinancing, downsizing, or upsizing in Peterborough, Lakefield, Selwyn, Bridgenorth, Douro-Dummer, Otonabee-South Monaghan, Norwood, Havelock, Trent Lakes, or the Kawarthas, I would be happy to help you review the real estate side of the decision.
Frank Rosso ABR, SRS
RE/MAX Hallmark Eastern Realty
PeterboroughAgent.com
705-933-9688