Upcoming Bank of Canada Rate Decision: What It Could Mean for Ontario Real Estate

On June 4, 2025, at 9:45 AM ET, the Bank of Canada will release its latest interest rate decision—an announcement that could have significant implications for the Ontario housing market. Any adjustment to the overnight lending rate has a direct impact on variable-rate mortgages and broader borrowing costs.

With inflation expected to remain within the Bank’s 1–3% target range and added economic uncertainty from global factors like U.S. trade policies, some economists are predicting a potential 25 basis point cut. If this happens, it could translate into lower monthly mortgage payments, renewed confidence among buyers, and increased activity in competitive markets such as Toronto and Ottawa.

For current homeowners and prospective investors, this may present a strategic opportunity to refinance or make a move in the market. Be sure to review the Bank’s statement closely and connect with a trusted mortgage professional to understand how the decision may affect your financial plans.