Bank of Canada's Rate Pause Sets Stage for Housing's K-Shaped Squeeze

The Bank of Canada is widely expected to hold its key rate steady at 2.25% for a sixth consecutive time on September 2, providing a predictable environment for borrowers and markets alike. For variable-rate mortgage holders, the prime rate will remain anchored at 4.45%, offering stability after the volatility of previous tightening cycles. This predictability allows households and businesses to plan ahead, and the central bank's cautious stance signals confidence that...