10/28/2026
📢 The Bank of Canada just raised rates by 0.25%, from 2.25% to 2.50%. 📈 It’s the first increase since July 2023.
What does that mean for you?
💵 Variable rate with an adjustable payment: about $69 more a month on a $500,000 mortgage (about $832 a year).
🔒 Fixed rate? No change until your renewal.
🏡 Buying? Swipe for the pros and cons, including what it does to how much you can borrow.
DM us “RATE” and we will walk you through your numbers.
Hasty Kiamehr, Mortgage Broker | FSRA #13691
Parham Shakeri, Realtor, Century 21
Illustration only. Your lender, rate, and terms may differ.