Blog
Thursday
31
JULY
2025
Manitoba Mortgage Market Mid-Year Check-In: Where We Stand After the July 2025 Rate Decision
As we move into the second half of 2025, the question on
many Manitobans' minds is: Will mortgage rates come down any further this
year?
So far, the Bank of Canada (BoC) has delivered two small
rate cuts, followed by a stretch of rate holds—including its most recent
decision on July 30, where it again kept the policy rate steady at 2.75%. While
economists were split on whether we’d see another reduction this month, the
Bank chose caution, pointing to persistent inflation pressures and global
uncertainty.
Here’s where things stand in the Manitoba mortgage market
and what to expect for the rest of the year....