CANADA ECONOMIC & REAL ESTATE UPDATE — SEPTEMBER 2026

🏦 **Bank of Canada holds at 2.25%**The Bank of Canada has maintained its benchmark interest rate at **2.25% for the seventh consecutive decision**, while continuing to monitor inflation risks linked to geopolitical tensions and new U.S. trade tariffs. 🏠 **Mortgage rates remain an important factor**Some 5-year fixed mortgage rates are now available around **4.09%**, giving qualified buyers more options as borrowing conditions stabilize. 📉 **Toronto real estate is under pressure**Toronto-area housing is experiencing a significant correction, with prices reaching levels not seen since **early 2021**, while inventory remains exceptionally high. 🚆 **GO Transit service changes**Temporary service reductions are affecting several GO Transit rail lines as infrastructure upgrades and staff training take place. WHAT DOES THIS MEAN FOR REAL ESTATE? For buyers, increased inventory can mean **more choice and stronger negotiating power**. For sellers, accurate pricing and a well-planned marketing strategy are becoming increasingly important. And for investors, this type of market can create opportunities—but **the numbers need to make sense before making a move.** The market is changing.**Don’t make real estate decisions based on yesterday’s market.** 📩 **DM me to understand how these changes could affect your buying, selling, or investment plans.** **Mandeep Toor**Real Estate Broker | OMAXE Real Estate TeamRE/MAX Excellence Real Estate BrokerageOver 20 Years of Experience #OMAXE, #OMAXERealEstateTeam, #MandeepToor, #MandeepToorRealtor, #RealEstate, #CanadianRealEstate, #TorontoRealEstate, #GTARealEstate, #BramptonRealEstate, #BramptonHomes, #CaledonRealEstate, #CaledonHomes, #MortgageRates, #BankOfCanada, #RealEstateMarket, #HousingMarket, #OntarioRealEstate, #HomeBuyers, #HomeSellers, #RealEstateInvesting, This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mandeeptoorrealtor.substack.com