{"id":1888,"date":"2026-07-21T08:01:41","date_gmt":"2026-07-21T13:01:41","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/21\/inflation-hits-2-8-why-your-mortgage-rate-wont-be-dropping-soon\/"},"modified":"2026-07-21T08:01:41","modified_gmt":"2026-07-21T13:01:41","slug":"inflation-hits-2-8-why-your-mortgage-rate-wont-be-dropping-soon","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/21\/inflation-hits-2-8-why-your-mortgage-rate-wont-be-dropping-soon\/","title":{"rendered":"Inflation Hits 2.8%: Why Your Mortgage Rate Won\u2019t Be Dropping Soon"},"content":{"rendered":"<p>Canada\u2019s inflation rate cooled to 2.8% in June 2026, marking a significant shift as core inflation metrics dipped below the Bank of Canada\u2019s 2% target for the first time in six years. While this retreat offers a glimmer of hope for homeowners, experts warn it doesn&#8217;t signal an immediate rate cut. Economic volatility, particularly the collapsing truce in the US-Iran conflict, threatens to keep energy costs unpredictable. Furthermore, &#8216;sticky&#8217; inflation persists in areas like groceries\u2014up 3.9%\u2014and travel, with Toronto\u2019s World Cup-related accommodation costs surging 20%. With the Bank of Canada maintaining a steady 2.25% rate, industry experts like Leah Zlatkin suggest that borrowers should prepare for a prolonged period of rate stability rather than relief. For a deeper look at how these macroeconomic shifts are impacting the GTA mortgage landscape, read the full report at <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/inflations-retreat-opens-a-window-but-dont-expect-a-rate-cut\/582959\">MPA Magazine<\/a>.<\/p>\n<p><!-- RealEstateToday Source Article --><\/p>\n<div style=\"display:none\" data-original-url=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/inflations-retreat-opens-a-window-but-dont-expect-a-rate-cut\/582959\"><\/div>\n<p><em>Source: <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/inflations-retreat-opens-a-window-but-dont-expect-a-rate-cut\/582959\" target=\"_blank\" rel=\"noopener\">Read the original article<\/a><\/em><\/p>\n<p><!-- RealEstateToday Instagram Handles --><\/p>\n<div style=\"display:none\" data-instagram-handles=\"@ratehub.ca\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Inflation cooled to 2.8% in June, but don&#8217;t expect relief yet. Here is why the Bank of Canada is likely to keep mortgage rates on hold through 2026.<\/p>\n","protected":false},"author":3,"featured_media":1887,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[260,182,630,213,212,207],"class_list":["post-1888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-bank-of-canada","tag-gta","tag-inflation","tag-interest-rates","tag-mortgage-rates","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1888","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1888"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1887"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}