09/02/2026
The Bank of Canada has held its policy rate at 2.25% for the seventh consecutive time. 📉🏡
For homeowners, buyers, and anyone approaching renewal, this means continued stability for now. Variable-rate borrowers will generally not see a change from this announcement, while fixed-rate mortgages remain unaffected during their current term.
The Bank continues to watch inflation, economic growth, energy prices, and ongoing trade uncertainty before making its next move.
If you’re buying, renewing, or reviewing your mortgage strategy, this can be a good time to understand how the current rate environment may affect your options.