09/02/2026
Bank of Canada update 📣
The Bank of Canada held its overnight rate at 2.25% today.
For those with variable-rate mortgages or HELOCs, that means no Bank of Canada-driven change to your rate following today’s announcement.
Fixed mortgage rates work a little differently and can still move independently.
If you’re buying, coming up for renewal, considering a refinance, or just wondering what today’s announcement means for your mortgage, feel free to reach out. I’m always happy to help you look at the numbers and understand your options. 😊
The next Bank of Canada rate announcement is October 28.