The Bank of Canada has chosen to hold its key rate steady at 2.25%. This decision comes as the country’s economic recovery continues, but with a close eye on rising inflation risks. In the second quarter, Canada’s GDP grew by 3.3%, and July saw unemployment dip to 6.4%. The next rate review is set for October 28, 2026, when the Bank will reassess both inflation and economic momentum.
For those of us who live and work right here in Prince Edward County, these numbers are more than just national headlines—they shape real opportunities and decisions in our local real estate market. Four decades of working with buyers, sellers, and business owners have shown me how these economic shifts can influence the right time to make a move or invest in our community. As always, my approach is grounded in local knowledge and honest, direct service—helping you make sense of broader trends in the context of the County’s unique lifestyle and market.
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