The Bank of Canada held its overnight rate at 2.25% on September 2, keeping borrowing costs steady heading into the fall market.
For buyers, the bigger question isn’t simply “Are rates coming down?” — it’s what you can comfortably afford at today’s rates and how different purchase prices translate into an actual monthly payment.
If you’re considering buying, we can connect you with one of our trusted mortgage professionals to run the numbers before you start shopping.