10/28/2026
📈 Bank of Canada Raises Key Interest Rate to 2.50%
The Bank of Canada has announced a 25-basis-point increase to its key policy interest rate, raising it from 2.25% to 2.50%.
For Canadians with variable-rate mortgages, home equity lines of credit, or other variable borrowing products, this change may result in higher borrowing costs as lenders adjust their prime lending rates accordingly.
As interest rates and market conditions continue to evolve, staying informed is essential. Whether you're buying, selling, or refinancing, understanding how these changes affect your financial goals can help you make confident and well-informed real estate decisions.
🏡 Have questions about what this rate increase could mean for you? Reach out today.
Chloe Croghan
Royal Lepage Team Realty
📲613-285-9590
💌[email protected]