02/02/2026
📊 Bank of Canada Holds Interest Rate at 2.25%
The Bank of Canada has decided to keep its policy interest rate at 2.25%, offering some stability in an uncertain economic environment.
While steady rates can bring predictability for homeowners and buyers, factors like affordability pressures, job market concerns, and broader economic uncertainty are still shaping how people make housing decisions right now. These elements can affect everything from your buying power to your mortgage options and future plans
💡 Here’s what to keep in mind:
✔️ A steady policy rate doesn’t always mean lending rates won’t move — lenders may still adjust their pricing based on market conditions.
✔️ Mortgage planning goes beyond just the rate — your goals, timeline, and financial situation matter most.
✔️ Reviewing your strategy regularly can help you stay on track, whether you’re buying, renewing, refinancing, or watching rates.
If you’re unsure how today’s rate environment impacts your specific situation, I’d love to help you break it down and plan with confidence.
📩 DM me — let’s talk about what this means for your mortgage goals.
Affordability FinancialPlanning
