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Inflation, lack of policy clarity likely to keep Bank of Canada on an extended sabbatical

Hope for a real estate recovery pinned on lower interest rates is quickly evaporating
The Bank of Canada in Ottawa, Ontario. Prospects for the central bank to cut interest rates at its next meeting on July 30 have faded. (Getty Images)
The Bank of Canada in Ottawa, Ontario. Prospects for the central bank to cut interest rates at its next meeting on July 30 have faded. (Getty Images)
CoStar Analytics
July 16, 2025 | 8:54 P.M.

Much to the dismay of the real estate industry, the Bank of Canada is likely to extend its policy of holding interest rates steady following June’s core inflation readings.

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