October 28, 2026
Bank of Canada Raises Rates to 2.5%: What It Means for Toronto Buyers and Sellers
The Bank of Canada raised its policy rate by 25 basis points to 2.5% on October 28, 2026, its first increase since July 2023. Tory Akene explains in plain language what the move means for buyers, from preapprovals and rate holds to budgeting for today's rates, and why pricing and presentation matter more for sellers.
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