01/28/2026
As expected, the Bank of Canada held its key interest rate steady at 2.25% today. This means the banks prime lending rate remains at 4.45%.
This move reflects a wait-and-see approach. The Bank is comfortable with where rates are right now while it watches incoming data—especially inflation and employment—to confirm the economy is tracking as expected.
So what does this mean for borrowers?
For now, not much changes:
• Variable-rate mortgages and lines of credit tied to prime remain the same
• Fixed mortgage rates are unchanged, as they’re driven by bond markets—not today’s decision
Looking ahead, economists largely expect rates to stay put in the near term, with the next Bank of Canada announcement scheduled for March 18.
If you’re feeling unsure about how this fits into your mortgage or future plans, you’re not alone—and you don’t have to figure it out by yourself. We're always happy to chat, answer questions, and help you understand your options with confidence.
🤍 Here to help, whenever you’re ready.
