10/28/2026
Interest Rates Are Up. What Does That Really Mean for Real Estate? 🏡
The Bank of Canada has raised its key interest rate by 0.25 percentage points to 2.50%.
But beyond the headlines, what does this actually mean for buyers and sellers?
Interest rate decisions reflect what’s happening in the broader economy, including inflation and economic growth. And while rates influence borrowing costs, they’re only one piece of the real estate puzzle.
🏡 Thinking of buying? It’s a good opportunity to revisit your numbers. Depending on the property and local market conditions, there may also be opportunities to negotiate.
🏡 Thinking of selling? Buyers are still making moves, but understanding your competition, pricing appropriately and having a solid strategy are important.
🏡 Already own a home? If you have a variable-rate mortgage or an upcoming renewal, it’s worth checking in with your mortgage advisor.
Here’s what we always come back to: Real estate is local, and everyone’s circumstances are different.
What’s happening in one neighbourhood or price range may look completely different in another.
Rather than trying to predict the perfect time to make a move, focus on what makes sense for YOU.
We’re always happy to help you understand what’s happening in your local market and talk through your options!