02/17/2026
📊 Inflation & Mortgage Rates — What It Means
Canada’s labour data shows wage growth still running above inflation, which signals that price pressures haven’t fully cooled. For the Bank of Canada, that’s a reminder to move carefully on rate cuts.
A softer job market helps balance inflation, but until inflation is clearly back inside target, policymakers are unlikely to rush major reductions.
For mortgages, this means rate relief will likely come gradually — not suddenly. Smart planning around renewals and purchases matters more than trying to time the market.
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