News

June 10, 2026

Bank of Canada maintains the policy rate at 2¼%

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%

The Bank of Canada kept its key policy interest rate unchanged at 2.25%, citing weak domestic economic activity, persistent uncertainty around U.S. trade policy, and inflation pressures stemming mainly from higher energy prices.

Key Points:

Interest Rate Decision: The overnight rate remains at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Global Economy:

The ongoing conflict in the Middle East has entered its fourth month, increasing energy prices and disrupting supply chains.

U.S. growth remains strong, supported by consumer spending and AI-related investment.

Growth in Europe is weak due to higher energy costs.

China continues to benefit from strong export performance.

Trade policy uncertainty remains high as the U.S. considers additional tariffs.

Canadian Economy:

Canada's GDP declined 0.1% in the first quarter, weaker than expected.

Consumer spending grew modestly, but government spending, housing activity, and business investment were weak.

Exports fell while imports increased.

Employment rose in May, but overall job growth has been largely flat this year.

The unemployment rate remains elevated, at 6.6% in May.

The Bank expects growth to resume in the second quarter, but the economy is still operating with excess capacity.

Inflation:

CPI inflation rose to 2.8% in April, mainly because of higher oil prices and changes related to the removal of the consumer carbon tax from year-over-year calculations.

Core inflation measures have eased to around 2%.

Food inflation has moderated but remains elevated.

Shelter inflation continues to slow.

With oil prices about US$10 per barrel higher than assumed in April forecasts, overall inflation is expected to stay near 3% in the short term before gradually returning to the Bank's 2% target.

Why the Bank Held Rates Steady

The Bank believes:

Economic growth in Canada remains weak.

Trade uncertainty continues to weigh on the outlook.

Higher oil prices are pushing up headline inflation, but broader inflation pressures remain contained.

The Governing Council stated it will continue to look through the temporary inflation effects of the Middle East conflict but is prepared to act if higher energy prices begin feeding into broader, persistent inflation. The Bank emphasized its commitment to maintaining price stability and inflation expectations anchored around 2%.

Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.8 per cent on a year-over-year basis in April, following a 2.4 per cent increase in March. On a seasonally adjusted monthly basis, the CPI was up 0.3 per cent in April, equivalent to a 3.7 per cent increase on an annualized basis. The CPI ex-gasoline increased by 2.0 per cent in April, down from 2.2 per cent in the previous month. Additionally, food prices overall increased by 3.5 per cent year-over-year, down from 4.0 per cent in March. In BC, consumer prices rose 2.5 per cent year-over-year in April, matching the increase from March. The Bank of Canada's preferred measures of median and trimmed inflation, which strip out volatile components, rose by 2.1 per cent and 2.0 per cent year-over-year, respectively. 
 
As many expected, the ongoing Iranian conflict and its shock to global oil supply is placing upward pressure on headline inflation. Nonetheless, the CPI excluding gasoline has decelerated over the past two months, while 3-month annualized core inflation remains below the Bank of Canada’s target, sitting at about 1.8 per cent. With core inflation and the labour market remaining soft, we tentatively expect a fifth consecutive rate hold in June, as the Bank assesses the depth of the oil shock on headline inflation as well as other intermediate and final goods which are constrained by the conflict.

https://mailchi.mp/bcrea/canadian-inflation-april-2026

*All credits to BCREA

https://youtu.be/xOtdBl_khco?si=qSAyTBdbFKwYCqnL

Bank of Canada maintains policy rate at 2¼%

Media Relations Ottawa, Ontario

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

https://www.youtube.com/live/yp0uDErCw9k

Link: https://www.bankofcanada.ca/2026/03/fad-press-release-2026-03-18/

As 2025 draws to an end, I would like to express my sincere appreciation for the trust and collaboration shared throughout the year. It has been a privilege to work alongside valued partners and clients, and I look forward to continued growth and success in 2026. 

Wishing you all a joyful Christmas and a prosperous, healthy New Year! 

Warm Regards,

Juliana Ho

Juliana Ho Real Estate Professional Royal Pacific Realty (Kingsway) Ltd

info.julianaho@gmail.com 778-869-9688 3107 Kingsway Vancouver BC V5R 5J9 Canada Julianaho.com

October 2025 GVR Residential Market Report

In October 2025, residential home sales across Metro Vancouver dropped by about 14% compared to the same month last year, reflecting a market that’s slowing down as inventory rises and buyers gain more leverage. According to the Greater Vancouver REALTORS® (GVR), 2,255 homes changed hands last month—down 14.3% from 2,632 in October 2024 and 14.5% below the 10-year seasonal average.

• Sales decline: Total residential sales hit 2,255 in October 2025, a notable drop from 2,632 a year earlier.

• Below seasonal norms: Activity was 14.5% lower than the region’s 10-year average for October, suggesting the market is performing at a slower-than-usual pace.

• Shift toward buyers: With sales easing and listings accumulating, market conditions have tilted in favour of buyers, who now hold more negotiating power.

By property type:

• Detached homes: Sales reached 693 in October 2025, a 4.3% decrease from 724 the previous year. The benchmark price for detached homes is $1,916,400, which is down 4.3% year-over-year and 0.9% from September. Greater Vancouver REALTORS®+2Real Estate North Shore+2

• Attached homes (townhouses): Sales totalled 477 in October, down 4.8% from 501 in October 2024. The benchmark price sits at $1,066,700, down 3.8% from a year earlier and 0.3% from September. Real Estate North Shore

• Apartments (condos): Sales dropped to 1,071 units, a sharp 23.1% decrease from 1,393 last year. The benchmark price is $718,900, down 5.1% from October 2024 and 1.4% from September.

Link: https://members.gvrealtors.ca/news/GVR-Stats-Package-October-2025.pdf

*All credits to GVR

    Link:   https://youtu.be/i4KSnM7YFec

Links : https://members.gvrealtors.ca/news/GVR-Stats-Package-August-2025.pdf

All Credits to GVR

Link: https://www.bcrea.bc.ca/wp-content/uploads/2025-06.pdf

Source: BCREA

Link:  https://mailchi.mp/bcrea/canadian-employment-june-2025

Source: BCREA

GVR Member News Market-Residential 

Home sale trend stabilizing in June 2025

Thursday, July 3, 2025

Following a turbulent start to the year, MLS®-registered home sales across Metro Vancouver* are beginning to show signs of recovery, posting a 10 per cent year-over-year decline — half the drop recorded in the previous month.

Source: Greater Vancouver Realtors