The Bank of Canada is keeping its key rate steady at 2.25%, a decision that comes as our economy continues to recover and inflation risks remain on the horizon. With Canada’s GDP posting a 3.3% increase in the second quarter and unemployment dipping to 6.4% in July, these signs of growth are important markers for anyone considering a move in real estate. The Bank’s next rate announcement will be on October 28, 2026, when they’ll take another look at inflation and broader economic conditions. For those of us here in Nova Scotia, understanding how these national trends shape our local real estate market is essential to making confident decisions—something I’m committed to guiding you through every step of the way.
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