Rates Hit Bottom. Now They're Heading Back Up.
Posted by Christopher Audette on
If you've been waiting for interest rates to fall further before making your move in real estate, here's the update you need to hear: the Bank of Canada's rate cutting cycle is over. Rates reached their cycle low in early 2026 and have been holding flat ever since. But market projections are now pointing in one direction. Up. Rising oil prices are feeding back into inflation expectations, and the window of maximum affordability that opened during the cutting cycle is quietly starting to close.
What the Rate Chart Is Actually Telling You
The data tells a clear two-part story. Here's what actually happened and what the market is now projecting.
What happened (January 2025 to April 2026, actual Bank of Canada data):
- Rates started near the…
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