Inflation climbs, home sales rise: what it all means for Canadian borrowers

Canada's inflation rose to 3% due to higher oil prices, but the Bank of Canada is expected to hold interest rates steady next month. Variable mortgage rates likely remain stable, while fixed rates face uncertainty. Home sales and prices are rising, signaling a positive housing market outlook. A potential US-Canada trade deal and reduced tariff threats could boost market confidence and encourage more homebuyers, especially first-timers.