10/28/2026
BANK OF CANADA RAISES INTEREST RATES 📈⤵️
The Bank of Canada has increased its benchmark interest rate by 0.25 percentage points, bringing it to 2.50% as of October 28, 2026. This is the first rate hike since July 202
What does this mean for homebuyers?
✔️ Variable-rate mortgage borrowers may see borrowing costs increase.
✔️ Buyers should review their budget and mortgage options before making a move.
✔️ If you're planning to buy or sell, understanding the market matters.
Thinking about buying a home? Let's discuss your options and plan your next move.
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