09/02/2026
🏦 BANK OF CANADA HOLDS AT 2.25% 🇨🇦
The Bank of Canada held its overnight rate at 2.25% today, September 2, 2026.
For variable-rate mortgage holders, this means no immediate change to rates.
But remember: a Bank of Canada hold doesn’t necessarily mean fixed mortgage rates will stay put. Fixed rates are heavily influenced by the bond market, and bond yields can move independently.
🏠 Buying? Focus on affordability and the right mortgage structure—not timing the market.
🔄 Renewing in the next 4–6 months? Start reviewing your options early and don’t automatically accept your lender’s first offer.
💳 Carrying higher-interest debt? Renewal may be a good opportunity to restructure debt and improve monthly cash flow.
📅 Next Bank of Canada announcement: October 28, 2026.
Every mortgage is different. Let’s review your options and find the strategy that works for you.
Elena Russell | Fast Track Mortgages
