Four Straight Rate Holds: How They Are Impacting Housing Markets

The Bank of Canada held its policy rate at 2.25%, providing stability and predictability for borrowers after multiple consecutive rate holds since late 2025.
Fixed mortgage rates remain influenced by higher bond yields, but current offerings still provide competitive options for buyers seeking balance between cost and payment certainty.
Housing activity faces affordability and population growth challenges, yet improving inventory and steady economic growth support a more balanced and accessible market.
For buyers and homeowners, stable rates mean no immediate payment shocks, allowing time to plan, refinance strategically, or explore options like fixed versus variable mortgages.