The Bank of Canada maintained its overnight lending rate at 2.25% for a sixth consecutive decision as the economy holds steady amid geopolitical turmoil, even as commercial real estate executives say relatively low rates are helping the industry.
Bank of Canada holds rates steady at 2.25% but says it will act if necessary
Extended low borrowing costs considered beneficial to multifamily, top-tier office markets
By Neil Sharma
CoStar NewsJuly 15, 2026 | 9:22 P.M.
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IN THIS ARTICLE
- Companies
- Bank of Canada
Finance and Insurance
- Contacts
- Keith Reading
Senior Director, Research, Morguard Investments Limited
- Dalia Barsoum
Founder and President, Streetwise Mortgages