The latest Bank of Canada rate decision may have disappointed anyone hoping for a cut, but it wasn’t exactly surprising. Inflation remains stubborn, and a stronger-than-expected job market, combined with U.S. tariff concerns, is keeping pressure on prices.

Continue reading or watch my video for more details:

Why the Bank of Canada Held Rates

The Bank of Canada’s main job is to keep inflation below 3%. Even if layoffs or economic slowdowns are happening in some areas, national data still shows strong employment and rising costs.

How the Bank of Canada Makes Decisions

Their decisions are based on past data, they’re watching inflation, employment numbers, and trade shifts. It’s not guesswork, but it’s also not predictive. They’re reacting to what’s already happened, and that means rate cuts take time to show up.

What This Means for Homeowners

If you’re up for renewal or planning a home purchase, the key takeaway is this: don’t wait on rate cuts. Rates could hold steady for longer than expected. Getting a 120-day rate hold now can protect you from further surprises.

Whether you are preparing to buy your first home or thinking about making a move, if you’re looking to get pre-approved for a mortgage in Edmonton, fill out my online application. I’m here to help you every step of the way.

About Jason Scott, Edmonton Mortgage Broker

Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’m trusted partner who will help you get the right mortgage for your home or investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.