The Bank of Canada has decided to keep its key interest rate steady at 2.25%. This move comes as our economy continues to recover—Canada saw a GDP growth of 3.3% in the second quarter, and unemployment dipped to 6.4% in July. As someone rooted in the Cowichan Valley, I know how important these numbers are for families and homeowners in our community, whether you’re considering your next move or just keeping an eye on how the market is shifting. The next rate update is scheduled for October 28, 2026, when the Bank will take another look at inflation and overall economic conditions. I always keep an eye on changes like this to help folks here in the Valley navigate their real estate decisions smoothly. After all, making this valley your home is what I do best.
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