The Bank of Canada’s decision to hold the overnight rate at 2.25% is bringing a sense of stability to the GTA real estate market as we head into 2026. While a significant surge in sales isn’t expected immediately, experts believe this pause provides much-needed predictability for both buyers and sellers. Economists at CIBC and TD Economics anticipate the rate will remain on hold throughout 2026, barring unforeseen economic shifts. Rates.ca expert, Victor Tran, highlights that buyer confidence hinges on more than just mortgage rates, including inflation and overall economic health. While variable rates remain attractive, fixed rates are already seeing upward pressure due to rising bond yields. According to the Bank of Canada, approximately two-thirds of borrowers renewing in 2026 could face payment increases, averaging around 20%, with some seeing hikes above 40%. For a deeper dive into expert analysis and the potential impact on your real estate decisions, read the full article on mpamag.com.
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