The Bank of Canada is currently holding at 2.25%, but several major-bank forecasts now anticipate gradual increases during 2027.

Stronger economic growth could give policymakers more room to normalize rates if inflation pressures remain persistent.

Higher rates would raise borrowing costs for households and businesses while potentially improving returns on savings and fixed-income investments.

Investors may need to prepare for a less accommodative environment, balancing improving growth against renewed interest-rate pressure.

For expert insights on the Burnaby real estate market, connect with Christine Jang, REALTOR® at Macdonald Realty Westmar.