06/11/2026
How this hits your wallet?
Variable Rates: Tied directly to the bank’s Prime Rate (which sits at 4.45%). Your variable interest rate & monthly payments are unchanged.
Fixed Rates: Driven by bond yields rather than the central bank. These have been steady, keeping fixed-rate options averaging around the 4% mark.
If you are locking in a new rate or renewing soon, consistency is your friend right now!