09/02/2026
BANK OF CANADA UPDATE 📢
The Bank of Canada has held its overnight rate at 2.25%, marking another consecutive decision with no change.
WHAT DOES THIS MEAN FOR YOU?
VARIABLE RATE?
No change to the Bank of Canada’s rate means no immediate change to your variable mortgage rate or payment based on this announcement.
FIXED RATE?
Your mortgage rate is not directly affected by today’s announcement. Fixed rates are influenced more by the bond market and lender pricing.
🏡 BUYING, RENEWING OR REFINANCING?
Even when the Bank holds, your mortgage options can change. It’s worth reviewing your situation before making a decision.
📅 NEXT BOC ANNOUNCEMENT:
October 28, 2026
Questions about what today’s announcement means for YOUR mortgage? Let’s chat.
Carolyn Callero - Mortgage Agent, Level 2
Mountainview Mortgage Inc
Independently Owned & Operated
Brokerage Lic #12568