10/28/2026
📈 The Bank of Canada has raised its overnight rate by 0.25%, bringing it to 2.50% — its first rate hike since July 2023.
What does this mean for you?
If you have a variable-rate mortgage, your interest rate could increase. If you have a fixed-rate mortgage, your current rate stays the same until renewal. For buyers, this could also impact borrowing costs and affordability.
With inflation pressures rising, it’s important to understand how this change could affect your mortgage and financial plans.
Have questions about what this means for you? Let’s connect!🏡
