09/02/2026
🚨 Good news if you have a variable-rate mortgage!
The Bank of Canada held its Policy Rate steady once again — for the seventh consecutive time.
So, for now, if you have a variable-rate mortgage, your payment should remain unchanged because of the Policy Rate.
But don’t stop watching the market. 👀
Over the next 3 to 6 months, the tariffs imposed by Trump and their impact on the Canadian economy could put upward pressure on inflation. And if inflation rises, the Bank of Canada may eventually need to increase interest rates again — which could directly affect variable-rate mortgage payments.
So, if you’re thinking about buying, selling, refinancing, or renewing your mortgage, it’s important to keep a close eye on what’s happening in the market.
The global economy has a much bigger impact on Canada than many people realize. 🌎🇨🇦
Good news today — but let’s keep watching what happens next.