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The Bank of Canada held its key interest rate steady again this month, keeping the policy rate at 2.25% while signalling that the road ahead is still anything but simple. As this article from Canadian Mortgage Professional explains, Governor Tiff Macklem pointed to a mix of factors that could shape what comes next, from trade uncertainty and softer economic growth to energy prices and inflation.
For buyers, sellers, and homeowners, the big takeaway is that the market is still moving through a period of adjustment. Rates may be holding for now, but confidence, affordability, inventory, and timing all continue to matter. If you’re thinking about a move this year, it’s worth paying attention to the bigger picture - and getting advice that reflects what’s happening right now, not what the market looked like a year ago.
And because summer is also about enjoying where you live, you’ll find a couple of Canada Day events worth having on your radar.
If you have questions about the market, your mortgage options, or your next move, I’d be happy to help you sort through it with clear, practical advice.
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