10/28/2026
🚨 BANK OF CANADA JUST RAISED ITS POLICY RATE!
The Bank of Canada has increased its policy interest rate from 2.25% to 2.50%, effective October 29, 2026. Bank of Canada
🏡 What could this mean for the real estate market?
📌 Variable-rate mortgage payments may increase, depending on your mortgage terms and lender.
📌 Borrowing costs could rise.
📌 Your purchasing power may be affected.
📌 Buyers may need to review their budget before making their next move.
💡 Thinking about buying, selling, or investing in Canadian real estate? Understanding interest rates can help you make more informed decisions.
📲 Let’s discuss how this rate change could affect your real estate plans.
Naveen Chopra | Real Estate Agent
📞 416-357-4687
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