28/10/2026
🏦 **BANK OF CANADA RATE UPDATE | OCTOBER 28, 2026**
The Bank of Canada has increased its overnight interest rate by 0.25%, bringing it to **2.50%** — the first rate hike in over three years.
With inflationary pressures continuing, today's decision could have implications for mortgage rates, borrowing costs and Canada's housing market.
🏡 **What does this mean for you?**
Whether you're buying, selling, renewing your mortgage or planning your next move, understanding how changing rates affect your options is more important than ever.
Swipe through for a breakdown of today's announcement and what it could mean for the real estate market.
Have questions about buying or selling in today's market? Let's connect!
RE/MAX ABOUTOWNE REALTY CORP., BROKERAGE
JOETTE FIELDING– Broker
Joette Fielding Real Estate Group
Phone: 289-242-6647
Email: [email protected]
Website: joettefielding.com