Today, September 17, 2025, the Bank of Canada has announced that it is finally dropping rates to 2.5%.
The Canadian economy would gain significant stability from a robust trade agreement with the United States, provided the government can overcome its ineffective negotiation efforts.
While such a critical deal remains in limbo, this rate reduction is the next best thing to help restore confidence back into the market. This news should bode well for market activity over the coming month.
The best rates that we have seen so far:
3 year fixed at 4.24% (Increased from 4.09% in March 2025)
5 year variable at 4.20%
The next scheduled date for announcing the overnight rate target is October 29, 2025.
E: LDALINDA@DALINDA.NET • TEL: 416-725-7170
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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View all current and past Palace Place listings for sale here.
Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.
View all current and past Palace Place listings for sale here.