Today, June 4, 2025, the Bank of Canada has announced that it is holding rates again at 2.75%.
While the BoC cites trade disputes as the biggest driver of uncertainty, there remains no efforts or plans by our leaders to negotiate deals or offer Canadians confidence. Instead, we continue to sit in limbo. With the exception of steel, aluminum, and some food products, the trade war described in the media is highly exaggerated, given USMCA exemptions and other tariff relief. For more insight on that, please read: https://palaceplace.com/are-we-really-in-an-economic-crisis/
The best rates that we have seen so far:
3 year fixed at 4.14% (Increased from 4.09% in March 2025)
5 year variable at 4.25%
The next scheduled date for announcing the overnight rate target is July 30, 2025.
E: LDALINDA@DALINDA.NET • TEL: 416-725-7170
Be sure that you SUBSCRIBE to this blog to be the first to know of new listings even before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Follow @LukeDalinda on Instagram!
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.