Market Pulse · Richmond Hill · Markham · Vaughan
The two numbers shaping your next move
Updated automatically from official Bank of Canada data — no guesswork, no hype.
— Asal Matinsadeghy, Royal LePage Signature Realty
Bank of Canada policy rate
2.25%
— unchanged
as of 2026-10-01
5-year conventional mortgage
6.09%
— unchanged
as of 2026-09-30
What this means for you
Rates decide what buyers can afford — and buyer affordability decides what your home sells for. When rates ease, more buyers qualify and demand firms up; when rates climb, pricing and preparation matter twice as much. Either way, the homeowners who win are the ones who know their numbers before they need them.
Know your own numbers — free, 60 seconds
Renovate before selling — or sell as-is? 🔨
An honest 60-second read on the $100K question. No email needed to see your result.
What is your home actually worth right now? 🏡
A private analysis prepared personally — not an automated estimate.
A mortgage question? Ask a licensed mortgage agent 📋
Marjan Alaeddini, Mortgage Agent Level 1, Mortgage Alliance, FSRA Brokerage Licence #10530
Asal Matinsadeghy, Real Estate Sales Representative, Royal LePage Signature Realty and Marjan Alaeddini, Mortgage Agent Level 1, Mortgage Alliance, FSRA Brokerage Licence #10530 are spouses and work in two separate, independently regulated businesses. You are never required to use either one. If you choose to work with both, that relationship — and any referral fee, which is paid between the brokerages and not between individuals — will be disclosed to you in writing before you commit to anything.
Honest answers to common questions
Should I renovate my house before selling in the GTA?
Usually not with major renovations. Small cosmetic work (paint, lighting, minor repairs) typically returns more at sale time than large projects, and a renovation that delays your selling window can cost more than it adds. The honest answer depends on your street, your timeline, and the specific property — a 60-second check with a local expert beats a rule of thumb.
What decides what my Richmond Hill or Markham home is worth?
Street-level comparable sales, preparation, and timing — not the market average. Two similar homes on the same street can sell six figures apart based on presentation and pricing strategy. Automated online estimates often miss badly on mature streets; a personally prepared analysis is more reliable.
How do mortgage rates affect home prices in the GTA?
Rates set what buyers can afford, and buyer affordability sets what homes sell for. When rates ease, more buyers qualify and demand firms up; when rates rise, preparation and pricing matter twice as much. Current official rates are shown on this page, sourced from the Bank of Canada.
Who maintains this page?
Asal Matinsadeghy, Real Estate Sales Representative and Team Leader with Royal LePage Signature Realty in Toronto, serving Richmond Hill, Markham and Vaughan for 13+ years. Rate data comes from the official Bank of Canada Valet API and is never estimated.
Rate data: Bank of Canada Valet API (official). This page is general information, not financial advice. Asal Matinsadeghy, Real Estate Sales Representative, Royal LePage Signature Realty.