Today, December 10, 2025, the Bank of Canada has announced that it is holding rates at 2.25%.
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 and uncertainty in the economy persists, the decision to hold rates signals that now is the time to buy. This news should bode well for market activity over the coming months if buyers recognize the opportunity rather than continuing to sit on the sidelines, as the next announcement could be an increase.
The best rates that we have seen so far:
3 year fixed at 3.89% (decreased from 4.24% in September 2025)
5 year variable at 3.70%
The next scheduled date for announcing the overnight rate target is January 28, 2026.
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.