09/02/2026
📢 The Bank of Canada has spoken, and rates are staying put with the overnight rate at 2.25% and prime at 4.45%!
The Canadian economy picked up momentum, but the Bank continues to face a balancing act. Inflation is still around 3%, while higher energy prices, trade uncertainty, and global events could put additional pressure on the economy and inflation.
So, what does this mean for you? 🤔
If you’re buying, renewing, refinancing, or simply planning your next move, today’s hold offers some stability — but your mortgage strategy is about more than just the rate!
Curious about what your mortgage options look like? 📲 Give us a call at 905-631-2854 or start your application here: https://mpfg.ca/mortgage-application/