For the fifth consecutive announcement, Canada’s central bank leaves the key lending rate untouched

In its fourth scheduled announcement of 2026, the Bank of Canada held the target for the overnight lending rate at 2.25%. This marks the fifth consecutive hold to interest rates since October of last year.

As the conflict in the Middle East continues, elevated energy prices and ongoing supply chain pressures are contributing to higher inflation, even as Canada’s economy remains soft. While employment levels have remained relatively stable, economic growth has weakened and uncertainty surrounding United States trade policy persists, factors that influenced the Bank’s decision to keep the key lending rate at its current level this month. 

“Since our April decision, the economic impact of the ongoing conflict in the Middle East has increased. Higher energy prices and disruptions in global supply chains are weighing on global growth and pushing up inflation. At the same time, the US administration continues to propose new tariffs and trade policy uncertainty remains elevated,” said Tiff Macklem, Governor of the Bank of Canada, in a press conference with reporters following the announcement. “Against this backdrop, the Canadian economy has remained soft and inflation has increased. Monetary policy continues to be focused on ensuring higher energy prices do not turn into persistent inflation, while helping the economy adjust to headwinds. We are committed to keeping inflation low and stable over time.

“Economic weakness combined with rising inflation is a dilemma for monetary policy. Raising rates to dampen inflation could further slow the economy. Easing rates to support growth increases the risk that higher inflation becomes persistent. For now, holding the policy rate unchanged balances those risks.”

Canada’s economy is caught between competing pressures. Statistics Canada reported that GDP contracted 0.1% on an annualized basis in Q1 2026, confirming a technical recession. At the same time, inflation has edged higher; the Consumer Price Index (CPI) rose 2.8% year over year in April, up from 2.4% in March, driven largely by higher gasoline prices. That increase reflects both ongoing geopolitical tensions and a base effect from April 2025, when the removal of the federal consumer carbon levy had temporarily suppressed fuel costs. Meanwhile, the labour market has shown some resilience, with the unemployment rate dipping to 6.6% in May.

Stable borrowing costs underpin gradual market recovery

With the overnight rate holding steady, buyers entering the market can do so with a clearer sense of what borrowing will cost them. Variable mortgage rates will remain predictable in the near term, removing one layer of uncertainty from the purchase decision. For those who have been waiting on the sidelines, that stability – even in the absence of a rate cut – may be enough to prompt a move.

“The Bank of Canada finds itself balancing conflicting economic signals. On one hand, May’s employment report delivered a surprisingly strong 156,000 new full-time jobs. On the other, Canada has now entered a technical recession following two consecutive quarters of economic contraction. Add to that the uncertainty surrounding the ongoing CUSMA review, which continues to weigh on consumer and business confidence, and the Bank’s decision to hold rates becomes easier to understand,” said Phil Soper, president and CEO, Royal LePage®. 

“There is a silver lining in the current state of Canada’s housing market. Stable borrowing costs are helping to restore buyer confidence, and we are beginning to see sales momentum build in many regions across the country. Provided the broader economic environment does not deteriorate further, we expect the recovery to strengthen through the second half of the year.”

According to the Royal LePage House Price Survey and Market Forecast, the aggregate1 price of a home in Canada decreased 2.0% year over year to $812,900 in the first quarter of 2026. On a quarter-over-quarter basis, however, the national aggregate home price remained relatively flat, increasing just 0.7%.

The Bank of Canada will make its next interest rate announcement on July 15th, 2026. 

For more information, call Sarah Toigo & Associates today!

Thu, Jun 11 - Sun, Jul 19 2026, All day

North Delta Recreation Centre
Chisholm Street Wharf

Get ready for an unforgettable summer of soccer in Delta! From June 11–July 19, join us for free community celebrations where you can cheer on your favourite teams, wear your colours with pride, and share in the excitement of a world-class soccer tournament.

Show your spirit on the Community Cheer Boards, pin your country on the World Map, and celebrate the global game with neighbours and friends. Across Delta, the event brings 39 days of soccer, food, games, and entertainment, including big-screen match viewings, trivia nights, food trucks, and interactive activities for all ages.

Whether you’re a die-hard fan or just in it for the atmosphere, there’s something fun happening every day in the Soccer Fan Zone.

LADNER – THE MAIN EVENT

Ladner Village is where the action happens. Chisholm Street Wharf will be transformed into a high-energy waterfront festival site featuring live match screenings, big-game celebrations, lively music, food vendors, and interactive activities throughout the tournament.

Opening Day, select weekends, and Canada match days will turn up the volume, and the championship final will anchor a large-scale street celebration along Chisholm Street, complete with live entertainment, Bubble Soccer, giant lawn games, great local eats, and more. It’s a street party you won’t want to miss!

Not a soccer superfan? No problem. The Wharf will also host movie nights, party games, trivia, foosball tournaments, giant water fights, and plenty of drop-in fun for all ages. It’s more than match screenings—it’s a summer festival by the water.

Full schedule coming soon. 

NORTH DELTA – WATCH & CONNECT

Looking for a more relaxed viewing experience? North Delta Recreation Centre offers daily live match screenings in a welcoming indoor setting—perfect for catching the game in a comfortable community space.

On major dates, including Opening Day, Canada match days, and weekends, enjoy additional programming with games and activities such as inflatable soccer challenges, foosball tournaments, meet-and-greets with local soccer clubs and community partners, and more.

Full schedule coming soon.

Join us this summer and experience how Delta celebrates the world’s game together.

More activities and special activations will be announced as planning continues.

Contact Information
Name:  City Events
Email:  events@delta.ca
Phone number:  604-952-3069

To discuss how this impacts you, call Sarah Toigo & Associates today!

Copyright British Columbia Real Estate Association.  Reprinted with permission.

Location: 5016 44 Avenue, Ladner
Programs:  English and Early French Immersion
Current Principal:  Mrs. Matheson

Ecole Elémentaire Ladner Elementary School is situated in the heart of Ladner (in the Corporation of Delta) and is part of Delta School District No. 37. The school is dual-track, which means that two complete programs from Kindergarten to Grade 7 are offered in the same building: one in French and the other in English. Currently, 590 students are enrolled at Ladner Elementary School, with approximately 50% of these students participating in the French Immersion program.

Our Mission Statement:

To foster self-worth, a cooperative attitude and the desire and skills needed to be enthusiastic life-long learners.

For more information about Ladner Elementary, please click here.

Delta’s Home Quest program is a collaborative partnership between the BC Ministry of Education and Child Care, the Delta School District and families seeking an alternative to traditional classroom-based instruction. The program is designed for students living throughout British Columbia in Kindergarten to Grade 9.

Home Quest is a Provincial Online School that offers students a range of online and in-person opportunities to enhance and broaden their educational experiences. Students have the option to engage in both teacher-led learning through in-person and virtual class in combination with self-directed at home learning that is led by a home facilitator and supported by HQ staff. We are a blended, choice program.

Home Quest students have access to Delta School District’s teachers, educational resources, provincial curriculum materials, and optional hands-on learning experiences. We support families in maintaining effective learning and assessment practices. We offer flexible learning opportunities, while following the guidelines of the BC Ministry of Education and Child Care for Provincial Online Learning.

Home Quest students are provided with online learning activities and courses through the Brightspace platform. Teachers offer both in-person and virtual classes, as well as a weekly outdoor class option. When not attending an optional weekly class, students learn with the guidance of a Home Facilitator which is supplied by the family. Together, the student and Home Facilitator (which tends to be a parent or family member) explore the curriculum independently at home with resources approved by the Home Quest teacher. Home Facilitators are responsible for uploading and providing evidence of learning to their Home Quest teacher. Formal Delta School District report cards and feedback on student progress are provided through the Home Quest program.

Home Quest

As you begin researching Online Learning programs, you will find Home Quest is unique. At Home Quest, we are focused on flexibility and blending the family’s vision of education with the Ministry guidelines.

Home Quest is a blended program, sitting in the middle of the continuum between Traditional and Homeschool and between Homeschool and strictly Online Learning. We are a Provincial Online School and thereby follow the Provincial Online Guidelines set out by the Ministry of Education. See Online Learning BC

Our professional, B.C. certified teachers are experienced in the Online, Traditional and Homeschool educational models and philosophies. We are open-minded and creative in assisting a family with their journey. Home Quest does not assign a set curriculum to our community of learners, but helps to create each student’s path – one child and one family at a time, creating the ultimate in diversified learning. 

Part of the Delta School District, we are located on the bottom floor at Annieville Elementary located in North Delta. 9240 112 Street Delta BC.

Nautsa’ Mawt:  Outdoor Learning Grades 1-7

We are fortunate to get to learn, discover, connect and play out on the area surrounding Boundary Bay School located on the traditional territory of the scəw̓ aθən məsteyəxʷ 1 (Tsawwassen) and xʷməθkʷəy̓əm 2 (Musqueam) First Nations and of all the hən̓q̓əmin̓əm̓ 3 speaking people who have been stewards of this land since time immemorial.

Our outdoor program works to explore our community from and Indigenous Perspective through the Naut sa’ Mawt and First Peoples Principles of Learning. We spend our mornings investigating, observing the land and living things that inhabit the area. Our afternoons often involve time in our story studio creating, connecting and sharing.

2025-2026 School Goals

For more information on the Home Quest Program, please click here.

ABOUT THE BARNS TO BEACHES FESTIVAL

THE RED BARN, SOUTHLANDS - TSAWWASSEN
SATURDAY, JUNE 20, 2026
RIDES START AT 10 AM - LIVE MUSIC AT 2 PM

The Rides begin at 10 am.  Riders will depart in waves leaving every 10 minutes.  The Leisure Rides begin at 12:05 pm, with riders departing in waves every 10 minutes.

The Live Music starts at 2:00 pm until 9:00 pm, and features 54-40, with special guests:  Emmett Jerome, Spendo, Honeybear, the Band and The Exchange.

Festival attendees can also enjoy craft beer and local beverages, food trucks, family-friendly activities, and community booth activations.

For more information on the Barns to Beaches Festival, click here.

Buy local this summer at the Ladner Village Market!

A beloved gathering place for friends, families, and neighbours, the Ladner Village Market has grown into a destination outing for residents of Delta and visitors from across the Lower Mainland and beyond. Now celebrating its 30th anniversary season, the Market continues to be a vibrant showcase of community spirit, local talent, and small business entrepreneurship in the heart of Ladner Village.

Featuring more than 180 artisan vendors at each market, the Ladner Village Market is one of the largest open-air markets in western Canada. As a proud member of the BC Association of Farmers’ Markets (BCAFM), the Market follows the “Make It, Bake It, Grow It, Raise It, Wild Harvest It” policy. This means all products are handmade, homemade, and homegrown products — from farm-fresh produce and locally raised meats to baked goods, handcrafted items, and unique artisanal creations.

Supporting local remains at the heart of the Ladner Village Market’s mission. Each season, at least 20% of its vendors are based in Delta, reinforcing a strong commitment to the local economy and showcasing the incredible talent within the community.

The 2026 Ladner Village Market season runs on the following Sundays from 10:00am to 4:00pm:

🍓 June 7
🪻 June 21
🥐 July 5 
🫖 July 19
👒 August 9
🥔 August 23
🎁 September 6 
🍫 September 20

The City of Delta has entered into a servicing agreement with For the Love of Local Foundation, a not-for-profit organization working in partnership with The Collective Markets, to operate the Ladner Village Market and support its continued success and growth.

Join us in celebrating 30 years of community, connection, and local excellence at the Ladner Village Market this summer!

For more information, click here.

June 6, 10 a.m. to 2 p.m. at Douglas J. Husband Discovery Centre, 4450 Clarence Taylor Cres.; Join the City of Delta for the first ever Museum Fest, featuring loads of free science- and technology-themed hands-on activities inspired by Delta’s past and present. Make electrical circuits and discover “potato power” using potatoes from BC Fresh. Explore the Transit Museum Society 1957 GM Oldlook bus. Meet the team from Fraser River Forge and watch blacksmiths continuously working at three anvils as they create nails and other small hand-forged trinkets to give away. Enjoy activities at partner booths by Delta Heritage Society, Boundary Bay Quilters, Delta Fishing Heritage Society, Delta Stageworks, UME Game Design, Windset Farms, and West Coast Seeds. Interact with other great exhibits and activities including paper plane-flying contests, bridge building, ice-cream making and more. Best of all, this event is free!

Apartment sales lag, other housing segments steady

Led by slow sales in the apartment segment, home sales registered on the MLS® in Metro Vancouver were down nearly four per cent in May compared to last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This was 26.6 per cent below the 10-year seasonal average (2,930). 

“While attached sales held relatively steady and detached sales edged up roughly one per cent in May, apartment sales were down about seven per cent year-over-year, which weighed down the overall sales total,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Even then, apartment sales were not down uniformly across all regions – some of the larger areas such as North and East Vancouver saw increases relative to last year.”

There were 6,115 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2026. This represents a 7.6 per cent decrease compared to the 6,620 properties listed in May 2025. This was 1.3 per cent above the 10-year seasonal average (6,036). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,917, a one per cent decrease compared to May 2025 (17,094). This is 34.6 per cent above the 10-year seasonal average (12,567). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2026 is 13.1 per cent. By property type, the ratio is 10.7 per cent for detached homes, 15.4 per cent for attached, and 14.2 per cent for apartments. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“Price trends across all housing types were flat month-over-month, as a healthy level of inventory easily absorbed the relatively muted level of overall demand in the market,” Lis said. “Year-to-date, sales have come in just shy of our forecast to this point in the year. With demand tracking our forecast so closely, it’s reasonable to expect a calm and orderly summer market, as no obvious near-term catalysts loom over the horizon to move the market significantly in either direction.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,700. This represents a 6.2 per cent decrease over May 2025 and a 0.2 per cent increase compared to April 2026. 

Sales of detached homes in May 2026 reached 660, a 0.9 per cent increase from the 654 detached sales recorded in May 2025. The benchmark price for a detached home is $1,847,900. This represents a 6.9 per cent decrease from May 2025 and a 0.4 per cent increase compared to April 2026. 

Sales of apartment homes reached 1,009 in May 2026, a 7.2 per cent decrease compared to the 1,087 sales in May 2025. The benchmark price of an apartment home is $697,800. This represents a 7.9 per cent decrease from May 2025 and a 0.7 per cent decrease compared to April 2026. 

Attached home sales in May 2026 totalled 463, a 1.3 per cent decrease compared to the 469 sales in May 2025. The benchmark price of a townhouse is $1,048,200. This represents a 5.1 per cent decrease from May 2025 and a 0.5 per cent increase compared to April 2026.

For more information, please click here.

Location:  5955 17A Avenue, Tsawwassen
Programs:  English
Principal:  Ms. Jacquie von Schulmann

At Beach Grove, we strive to create a positive caring environment where we treat each other with respect and encourage the development of self-esteem, excellence and responsibility. Through co-operation and acceptance, learning is fun and creativity is celebrated. Our goal is to help students build deep understanding, develop the ability to think critically and foster  the skills necessary to be successful in the world, both today and in the future.

2025-2026 Schol Goals

Inquiry Question #1 (Literacy focus):
If we create structured reading practice across all subject areas, will our students become more independent at navigating text?

What led us to choose this focus?
SCANNING:
Students need more practice reading (observations and data from our Learning Support team and classroom teachers)

Assessment pilot with District Coordinators where teachers collected and analyzed specific data through the year 2024-25

HUNCH: We need to create time for consistent, structured targeted reading skill practice

For more information on Beach Grove Elementary, please click here.

Britannia Brewing was established in 2014 with the goal to provide a fun and exciting place whereby locals can come to enjoy quality Ales and food in a relaxed but refined atmosphere. Drawing inspiration from the nautical roots of Steveston BC and the history of the Britannia Shipyards our namesake was established. Early days involved building our Richmond brewery and a Steveston Village tasting room to showcase our crafted Ales and fresh cuisine. Growth was swift adopting a second location across the Fraser river in the quaint village of Ladner. This strategic additon allowed the opportunity for our extended neighbours to now become everyday customers.

As capacity nudged us to scale a step futher, we carefully selected and have now completed a 10,000 SQFT state of art manufactuing facility. This acre parcel boasting an oudoor picnic area and 200 seat restaurant is conveniently nestled in the beautiful Lake Country region of the Okanagan.

Come join us to enjoy a fresh pint while exploring these fantastic locations and everything Steveston, Ladner and Lake Country has to offer.

LADNER
Britannia Brewing Ladner opened in 2021 as a modern retreat with a great selection of in-house beers, craft cocktails, snacks, classic comfort food and of course a great happy hour!

Our dining room is bright and open with a semi-private area for larger groups, the huge 20 stool bar is the largest in the village to sit you and all your friends, new and old. When the days are nice our backyard patio is the place to be, a large seasonal space that inspires long sipping sessions of beer and cocktails with friends.

Open 7 days a week, all day! We are all about bringing people together in the centre of our village to relax, have great food and drinks in a family-friendly environment. To us, it is all about the people, the passion, and the friendship that make our town great!

• Lunch and dinner all week, everyday! 

• Happy Hour: Monday to Friday from 2:30 to 5:30 with discount beer and appies

• Brunch: Saturday and Sunday from 10:30 to 2:00

Call in 604.940.1900 to book a table or just pop in. For larger parties over 20 please email ladner@bbco.ca to arrange.  For more information or to check out the menu, click here.