04/29/2026
The Bank of Canada holds steady… again!!!
▪️ There was no change to the policy rate today, staying at 2.25% for the fourth time in a row. That means variable mortgages and HELOC rates aren’t moving for now.
▪️ After 4 cuts in 2025, the Bank is still in wait and see mode as inflation ticked up to 2.4% in March
Now the big question is what comes next? Cut or hike?
For homeowners and buyers:
• Variable rates stay put
• Fixed rates creeping slightly due to bond yields
▪️Bottom line: don’t base big financial decisions on a single rate announcement. Lock in your pre approval!
👀The next rate decision drops June 10th. Stay tuned!!
I’d love to work with you! If you’re buying, selling, curious — let’s talk!
Direct: 905.213.0714
Office: 905.576.5200