10/14/2026
Bank of Canada Update! 🇨🇦
Will interest rates stay put? All signs are pointing to YES!
The Bank of Canada’s next rate announcement is coming up on October 28, and economists are widely expecting another hold at 2.25%.
What does this mean for homeowners and buyers?
Variable mortgage rates are expected to remain steady.
Fixed mortgage rates are influenced by bond yields and have seen some recent increases.
🇨🇦 Inflation and the economy remain key factors in determining where rates go next.
The bottom line? Whether you’re buying, selling, or renewing your mortgage, understanding where rates are heading can help you make your next move with confidence!