Nenah Sandy

28/10/2026

📊 BANK OF CANADA RATE ANNOUNCEMENT | OCTOBER 28, 2026

The Bank of Canada has raised its policy rate by 0.25%, bringing it to 2.50%.

This marks the first rate increase since July 2023, as the Bank responds to renewed inflation concerns and rising energy costs.

Here are the key takeaways:

🔹 Inflation remains a concern. The Bank expects inflation to reach 3.5% by year-end, with energy costs and higher input prices putting additional pressure on households and businesses.

🔹 Economic growth is holding up. The Bank has revised its 2026 GDP growth forecast to 1%, supported by business investment and government spending.

🔹 More rate increases remain possible. The Bank will assess economic conditions meeting by meeting. The economic outlook remains uncertain, and further increases have not been ruled out.

🔹 What comes next? The economic forecast discussed in this report anticipates another 0.25% increase in Q1 2027, potentially bringing the policy rate to 2.75%. This is an economist’s forecast, not a commitment from the Bank of Canada.

🏡 What does this mean for homeowners and buyers?

This announcement is an important reminder to understand how interest rate changes may affect your mortgage strategy, affordability and upcoming renewal.

While the Bank of Canada’s policy rate directly influences many variable-rate mortgage costs, fixed mortgage rates are influenced by bond yields and other market factors.

If you’re purchasing a home, renewing your mortgage or considering refinancing, planning ahead and understanding your options can make a meaningful difference.

📩 Have questions about how today’s announcement could affect your mortgage? Let’s connect.

Nenah Sandy
Mortgage Specialist | TD
[email protected]
604-838-8304



Source: Marc Ercolao, Economist — Bank of Canada Interest Rate Announcement, October 28, 2026.

Bank of Canada Interest Rate Announcement (October 28, 2026)

28/10/2026

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28/10/2026

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27/10/2026

Mortgage stress remains unchanged nationally but is rising in Ontario and British Columbia.

📍 Trade tensions and weaker resale conditions are increasing pressure on homeowners in the GTHA and Southwestern Ontario.
💳 Rising non-mortgage delinquencies may be an early sign of household stress.
💰 Mortgage investment entities (MIEs) show greater stress, but represent only 1.8% of outstanding mortgage balances.
🏠 Uninsured mortgages remain the main source of mortgage credit. Stable insured mortgage balances and rising loss provisions point to a more cautious lending environment.
📍 Delinquencies are expected to rise in Ontario, British Columbia and Atlantic Canada through mid-2027.

📘 Get the report here: http://cmhcschl.ca/YCOb5100F5u

27/10/2026

🏡✨ New price in Hampton Cove! This stylish 3-bedroom home offers a double garage, resort-style clubhouse amenities, and a beautiful riverside community setting.

Thinking about buying in Ladner? I’d love to help you explore your mortgage options and find the right financing strategy for your next move.

Nenah Sandy
Mortgage Specialist | TD
📧 [email protected]
📱 604-838-8304

27/10/2026

🏡✨ A piece of local history with endless possibilities! Thirkle House blends heritage character with modern updates, flexible space, and six parking stalls, ideal for professional use or a unique live/work opportunity.

Exploring a commercial or mixed-use property? I’d love to help you navigate your financing options.

Nenah Sandy
Mortgage Specialist
604-838-8304
[email protected]

A rare opportunity to own THIRKLE HOUSE, a distinctive heritage home built in 1910 and offering 2,193 sq.ft. over 3 levels. Currently utilized as professional office space, this unique property combines historic character with modern updates including air conditioning, updated flooring and fresh ...

27/10/2026

🏡✨ Stylish duplex living with incredible flexibility! Featuring a spacious main home, versatile loft, and a detached 1-bedroom coach house ideal for extended family or potential rental income.

Considering a property with suite or rental potential? I’d love to help you explore your mortgage options and find the right financing strategy.

Nenah Sandy
Mortgage Specialist
604-838-8304
[email protected]

Beautifully designed half duplex offers a thoughtfully planned main residence with 3 bedrooms plus den, 4 bathrooms, and a versatile third-story loft that can serve as a 4th bedroom, complete with its own bathroom, or an ideal flex space. The inviting family room showcases a striking entertainmen...

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🏡✨ Designed for entertaining and everyday living! This beautifully renovated home features a chef’s kitchen, luxurious primary suite, incredible lower-level space, and multiple outdoor entertaining areas.

Thinking about upgrading your home? I’d love to help you explore your mortgage options and find the right financing strategy.

Nenah Sandy
Mortgage Specialist
604-838-8304
[email protected]

An entertainer's dream! Professionally designed & massively reno'd in 2008 with new wide-plank hardwood floors in 2024,this home is finished to exacting standards with a bright, open plan. The main floor offers a superior chef's kitchen w solid cherry cabinetry & granite counters,a spacious dinin...

26/10/2026

🌊🏡 Waterfront living at its finest! This stunning Osoyoos property offers private shoreline, breathtaking lake views, and exceptional outdoor entertaining.

Considering a luxury or recreational property purchase? I’d love to help you explore your mortgage financing options and build a strategy around your goals.

Nenah Sandy
Mortgage Specialist
604-838-8304
[email protected]