Bank of Canada cuts policy rate by 0.25%

By ROGER TOWNSENDCanada, Financing October 30, 2025

Today, the Bank of Canada lowered its policy interest rate to 2.25%. This move is designed to help support the Canadian economy as it manages slower growth and global trade challenges. The Bank expects inflation to stay close to its 2% target.

WHAT THIS MEANS FOR YOU

For Current Homeowners with Variable Rates:

You may notice your mortgage interest rate drop, which means lower monthly payments. After a year of uncertainty, this offers some welcome relief and a bit more predictability in your budget.

For Homeowners with Fixed Rates:

With the central bank’s rate now at its lowest point this year, it’s a great time to review your mortgage options. If your fixed rate is higher, refinancing might help you save on interest and reduce your long-term costs. We can help you determine if switching makes sense for your situation.

For Potential Homebuyers:

Lower rates make financing a home more affordable. If you’ve been waiting for the right time to buy, now could be it—you may qualify for a larger mortgage or enjoy lower monthly payments. Getting pre-approved now can give you extra confidence as you explore your options in the market.

LOOKING AHEAD

The Bank of Canada has hinted that if current economic and inflation trends continue, another rate cut could be on the horizon. These ongoing reductions are creating even more favourable conditions for both current homeowners and new buyers.

At ELITE REALTY GROUP, we’re here to help you make the most of these changes and ensure your next move supports your financial goals. If you’d like to chat about what this rate cut means for you, we’re always happy to help.

Bank of Canada cuts policy rate by 0.25%

Search

Recent Posts

Bank of Canada cuts policy rate by 0.25%

Check out this article next

Workday Airport Corporate: Best Coffee, Lunch, and After-Work Fitness Within a 10-Minute Drive

Search

Recent Posts