Bank of Canada Holds 2.25% Key Rate

The Bank of Canada has decided to keep its key interest rate steady at 2.25%. This move comes as Canada’s economy continues to recover, with GDP rising by 3.3% in Q2 and unemployment dropping to 6.4% in July. The next rate update is set for October 28, 2026, when the Bank will take another look at inflation and overall economic conditions. As someone who closely follows these economic signals and their impact on the real estate market here in Metro Vancouver, I’m always watching how shifts in rates can influence everything from mortgage decisions to home values. Staying informed helps me guide my clients through changing markets, whether you’re looking in Central Lonsdale, Downtown Vancouver, or anywhere in between.