No board publishes a national showings count, so this page pairs what the Bank of Canada actually said about housing with what CREA's sales data actually did in the same window — clearly labelled as two separate sources, not one causal chain.
Headline figure
2.25%
The Bank of Canada's target for the overnight rate, held at this level on July 15, 2026 — the sixth consecutive meeting without a change, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
What the data says
The Bank of Canada's July 15, 2026 decision held the policy rate at 2.25% for a sixth straight meeting, with the next scheduled announcement set for September 2, 2026. Its statement's one line on housing — “housing activity has been weak but looks to be stabilizing” — is deliberately brief, and it does not attribute that stabilization specifically to the rate path, to buyer psychology, or to any single cause. It is a read on the market's current state, not a forecast of showing volume or a causal claim about what is driving it.
That distinction matters for how this page can be used. It is accurate to say the Bank of Canada, in its own words, characterized housing as stabilizing at the same time sales data showed a fourth straight monthly gain. It is not accurate to claim the Bank said the rate hold caused more showings, more offers, or any other specific downstream metric — it did not say that, and no public source ties rate decisions to Canadian showing volume directly, because showing volume itself is not a number any board publishes.
CREA and the provincial boards report sales, new listings, average price, the benchmark index, and (at the board level, unevenly) days on market and months of inventory. None of them report the number of private showings or open-house visits a listing receives — that data lives inside individual brokerages' own booking systems, not in any aggregated public release. A rate decision's effect on a specific listing's showing traffic is something an agent observes directly in their own business, not something available from a national or provincial dataset.
For a client conversation, the honest and sourced version of this story is: the Bank of Canada itself describes housing activity as stabilizing after a long rate hold, and sales data for the same period backs that read up. Whether that translated into more people through a specific open house is a local, observed fact, not a published statistic.
See national home sales and price, tracked for the fuller sales and price detail behind July's gain, and the qualifying rules that move your buyers for how the policy rate feeds into what a buyer can actually qualify to borrow, independent of where the Bank's own overnight target sits.
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