04/29/2026
Today the Bank of Canada held rates again at 2.25%. š¦
Inflation is still being watched closely, but economic growth remains soft.
š Variable mortgage rates remain steady for now.
š Fixed rates continue to move with the bond market, which means they can change faster than many expect.
For homeowners renewing in 2026, this matters.
Many Canadians coming out of ultra-low rates are still facing significantly higher payments than when they signed in 2020 or 2021.
The biggest mistake right now is focusing only on rate.
Rate is one number. Strategy is the full picture.
The right conversation today is about:
š Payment flexibility
š Penalty exposure
š Cash flow goals
š Future plans to move or refinance
š Debt reduction strategy
š Variable vs fixed positioning
š Amortization option
The lowest rate is not always the best mortgage.š”
If your mortgage renews this year or next, now is the time to plan before the market moves again.
The right structure today can save you far more than chasing a headline rate.ā
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