The Bank of Canada has decided to keep its key rate steady at 2.25%. This move comes as the economy continues to recover, with GDP growth at 3.3% in Q2 and unemployment easing to 6.4% in July. For those following the real estate market, these numbers are important markers—they set the tone for borrowing costs and market confidence. The next rate decision is set for October 28, 2026, when the Bank will take another look at inflation and the broader economic picture. As someone who follows these trends closely while helping clients navigate the Surrey, Abbotsford, and Metro Vancouver markets, I know how these decisions can shape buying and selling opportunities.
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