The Bank of Canada has just lowered its benchmark interest rate by 25 basis points, bringing it down to 2.50%. This is the first rate cut since March and the third one this year. The move was prompted by signs of economic strain—such as a softening labour market, drifting inflation, and reduced pressure from certain tariffs. While this rate drop opens a window of possibility, the Bank has also signaled caution, saying any further cuts will depend on future data and economic... [read more]

Bank of Canada Holds Prime Rate at 2.75% — What It Means for Buyers in the Fraser Valley Real Estate Market The Bank of Canada announced today, July 30, 2025, that it will hold the prime interest rate steady at 2.75%. This marks the third consecutive rate hold, signaling a shift toward stability after over a year of aggressive rate hikes. While economists continue to monitor inflation and global trade impacts, the hold offers an important signal for those navigating the real estate... [read more]