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What the Bank of Canada's decision to leave its policy rate unchanged means for real estate

Forward guidance has set the stage for a long hold, with the next move possible being a hike
Tiff Macklem, Governor of the Bank of Canada, speaks during a news conference  (AFP via Getty Images)
Tiff Macklem, Governor of the Bank of Canada, speaks during a news conference (AFP via Getty Images)
CoStar Analytics
December 11, 2025 | 3:34 P.M.

The Bank of Canada decision to hold its policy rate steady at 2.25%, fully in line with market expectations, follows cuts during the past two meetings — but forward guidance from the central bank suggests that the pause on future rate cuts could be extended indefinitely.

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News | What the Bank of Canada's decision to leave its policy rate unchanged means for real estate