09/02/2026
The Bank of Canada announced today that it is holding its policy rate at 2.25%, extending the rate pause as it continues to assess inflation, economic growth and ongoing global uncertainty.
What does this mean for your mortgage? 🏡
👉 Variable-rate mortgage?
No change to your interest rate as a result of today’s announcement.
👉 Fixed-rate mortgage?
Today’s Bank of Canada decision does not directly affect fixed mortgage rates. Fixed rates are influenced primarily by Government of Canada bond yields and can move independently of the Bank of Canada.
💬 Lauren van den Berg, President & CEO of Mortgage Professionals Canada, commented:
“The Bank of Canada’s decision to hold its policy rate provides a measure of stability at a time when the economic outlook remains highly uncertain.”
She also noted that while predictability is welcome, many Canadian families continue to face financial pressure—particularly as mortgages come up for renewal.
📅 Next Bank of Canada rate announcement: October 28, 2026.
If your mortgage is renewing in the next 6–12 months, now is a great time to start looking at your options. Your renewal strategy should be about more than just the rate—it should fit your overall financial goals.
📲 Book a FREE 15-minute Mortgage Check-Up
Pamela Stevens | Licensed Alberta Mortgage Broker
📞 780-722-8782
📧 [email protected]
