06/10/2026
NO CHANGE - Lenders Prime rate stays at 4.45%.
The Bank of Canada maintained its benchmark interest rate at 2.25% today. This decision marks the fifth consecutive rate hold.
What this means for your mortgage:
VARIABLE (& adjustable) rate: No change - your rate and payments stay the same.
FIXED rate: No direct impact - fixed rates follow bond markets, not the BoC.
HELOCs: No change - rates remain steady.
Mortgage decisions arenāt based on one announcement alone. Timing of renewal, risk tolerance, cash flow, job stability, and your plans all matter. If youāre unsure how todayās rate hold fits into your bigger picture, letās chat.
Dana Noble, Mortgage Agent Level 1
[email protected] I 519.860.0909 I
Sherwood Mortgage Group, Lic. #12176 I Member of the Mortgage Architects Network