09/02/2026
If you're waiting for rates to fall before making a mortgage decision, today's announcement is a good reminder that there's more to consider.
The Bank of Canada held its overnight rate at 2.25%, keeping prime at 4.45% for most lenders.
The economy is showing stronger signs of recovery, while inflation remains something the Bank is watching closely. For homeowners, the takeaway is that the rate environment continues to evolve, making a good mortgage strategy more important than trying to predict the next move.
If you're approaching renewal, consider the full picture: your rate, payment, debts, cash flow and future plans.
Sometimes the best opportunity isn't waiting for a lower rate. It's finding a better way to structure what you already have.
If your renewal is approaching, now is a good time to explore your options.
