{"id":1468,"date":"2026-04-23T08:15:49","date_gmt":"2026-04-23T13:15:49","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/04\/23\/bank-of-canada-stays-course-despite-energy-driven-inflation\/"},"modified":"2026-04-23T08:15:49","modified_gmt":"2026-04-23T13:15:49","slug":"bank-of-canada-stays-course-despite-energy-driven-inflation","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/04\/23\/bank-of-canada-stays-course-despite-energy-driven-inflation\/","title":{"rendered":"Bank of Canada Stays Course Despite Energy-Driven Inflation"},"content":{"rendered":"

As GTA homeowners and prospective buyers navigate a volatile spring market, the Bank of Canada (BoC) remains firmly in ‘wait-and-see’ mode. Despite March\u2019s headline inflation ticking up to 2.4%\u2014largely fueled by a temporary oil price spike following the conflict in Iran\u2014economists argue the case for rate hikes remains weak. <\/p>\n

CPA Canada\u2019s chief economist, David-Alexandre Brassard, notes that while energy costs have fluctuated, core inflation continues to ease. For the GTA, this is a critical distinction; the local housing sector remains fragile, and with regional employment down by approximately 100,000 jobs in 2026, the current 2.25% policy rate is already exerting significant pressure. Major financial institutions, including TD Economics and CIBC, suggest the central bank will likely stay on the sidelines through the remainder of the year. For deeper insights into how these macro-economic trends may impact your mortgage strategy, read the full report at [MPA Magazine](https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/bank-of-canada-seen-holding-firm-despite-oil-driven-inflation-spike\/572746).<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n

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Despite rising energy costs, the Bank of Canada is holding rates steady. What does this mean for the cooling GTA housing market?<\/p>\n","protected":false},"author":2,"featured_media":1467,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[260,182,215,630,213],"class_list":["post-1468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-bank-of-canada","tag-gta","tag-housing-market","tag-inflation","tag-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1468"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1467"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}