The Bank of Canada maintained its overnight rate at 2.25% in its recent decision, a move widely anticipated by major banks. This decision arrives amidst global economic uncertainties, including the conflict in the Middle East, which has introduced volatility in energy prices and financial markets. While the Canadian economy experienced a contraction in Q4 2025, domestic demand showed resilience. However, the GTA housing market remains soft, mirroring national trends. With inflation moderating to 1.8% in February but facing upward pressure from energy costs, the Bank remains cautious. The next rate announcement is scheduled for April 29th. For a deeper dive into the Bank’s assessment and its potential impact on the GTA real estate landscape, read the full article on Storeys.com.
Read the full article on Storeys.com
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