Update on Bank of Canada’s Interest Rate Decision

Last week, the Bank of Canada made its second interest rate decision. The bank held its overnight lending rate, which was largely expected. This is great news for buyers looking to invest in a new home or an investment property.

“Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing”
– Bank of Canada Press Release

They remain aligned with their commitment to using Quantitative Easing to maintain interest rates across the yield curve.

With the Bank Rate at ½ percent and the deposit rate at ¼ percent, there are definitely some opportunities to start or expand your real-estate portfolio.

I would be happy to jump on a call to brainstorm any options you’re considering and see how we can help you achieve your goals.

If you have any questions, feel free to get in contact with myself or a member of our team today.

Bank of Canada holds interest rate at 5%