Bank of Canada Holds Key Interest Rate at 2.25%

The Bank of Canada has decided to hold its key interest rate steady at 2.25%, signaling a pause as inflation trends stabilize and economic data continues to be closely monitored.

For homebuyers, homeowners, and those approaching renewal, a rate hold brings clarity and planning opportunity—especially when deciding between fixed and variable options or timing a purchase or refinance.

If you’re wondering how this decision impacts your mortgage strategy, now is the right time to review your options and plan ahead.

Let’s talk about what this rate hold means for you.

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