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Bank of Canada Holds Rate Amid Challenged Housing Market

12/6/2025

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Summary

Story summary

The Bank of Canada is expected to hold the overnight rate at 2.25% at the December 10 meeting.
The housing market remains challenged, with prices down 3.2% this year.
Prime Minister Mark Carney's first federal budget proposes C$280 billion, including C$25 billion for housing.
Analysts see the budget as a positive step despite concerns it lacks funding for housing supply.

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Story summary

The Bank of Canada is expected to hold the overnight rate at 2.25% at the December 10 meeting.
The housing market remains challenged, with prices down 3.2% this year.
Prime Minister Mark Carney's first federal budget proposes C$280 billion, including C$25 billion for housing.
Analysts see the budget as a positive step despite concerns it lacks funding for housing supply.