06/10/2026
The Bank of Canada held its policy rate at 2.25%, marking the 5th consecutive rate hold. It is choosing to stay the course as it continues to monitor inflation and economic conditions. For buyers, sellers and homeowners, stability in rates can provide a little more certainty when planning next steps.
✨ Variable mortgage rates and HELOC rates are unchanged, so no change to your payments.
✨ Fixed mortgage rates are not affected by today's announcement, because they are driven by bond yields and not the BOC rate.
The next rate announcement will be on July 15th.
