Bank of Canada Interest Rate Decision — September 2025: What It Means for Calgary Homeowners & Buyers
Posted by Ray Yang on
The Bank of Canada has just made its first interest rate cut since March. On September 17, 2025, the overnight benchmark rate was lowered by 25 basis points from 2.75% to 2.50%. This decision marks a shift from recent months of holding steady. In this post, we’ll break down what the change means, how it affects mortgage costs in Calgary, and what homeowners, buyers, and sellers should be considering now.
What the Announcement Was
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The Bank cut its key policy rate by 0.25%, bringing it to 2.50%, citing a “weaker economy,” rising unemployment (above 7%), and fewer inflation risks.
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This is the first rate cut since March 2025.
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The BoC noted that while inflation remains relatively stable and within target, economic pressures — such…
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