10/28/2026
So it’s official
The Bank of Canada raised rates by 0.25% today. Before you panic, let’s breathe and talk real numbers. 😮💨
Why now? Inflation has climbed from 1.8% to 3.1% over the last 7 months, and Canada was actually the LAST of the major global economies to raise rates. We held out as long as we possibly could... but the time came.
Here’s the part the headlines won’t tell you: on a $350,000 mortgage with 20 years left, a 0.25% increase works out to roughly $48 more per month.
($14/month per $100K)
Real, but manageable, not the sky falling.
If COVID taught us anything, it’s this: budget intentionally, keep a little breathing room, and don’t let debt creep up on you. A small cushion today is what keeps a small change from becoming a big stressor.
So take a breath. You’ve got this. And if you want to look at your own numbers or build a plan that fits YOUR life, message me anytime, friends. That’s what I’m here for. 💛