09/03/2026
🏦 September Bank of Canada Rate Update
The Bank of Canada has maintained its policy rate at 2.25% for a seventh consecutive announcement, offering continued stability and greater predictability for Canadians planning their next real estate move.
The widely posted prime rate remains at 4.45%, while Canada’s economy recorded 3.3% growth in the second quarter. Inflation excluding gasoline was 2.2%, remaining close to the Bank’s target.
✨ What could this mean for you?
🔑 Buyers: Stable borrowing conditions provide greater clarity when reviewing your budget, mortgage options and monthly payments.
🏠 Sellers: Qualified buyers remain active, but strategic pricing and strong presentation continue to be essential.
📋 Homeowners: A steadier rate environment can make renewal and refinancing decisions easier to plan.
Fixed mortgage rates may still move independently with bond-market conditions. The Bank’s next scheduled decision is October 28, 2026.
💬 Are you planning to buy, sell, renew or refinance this fall? Let us know below or send us a DM to discuss your options!
Irfan Keshavjee | REALTOR®
Aly Jessa | REALTOR®
Team 3000 Realty Ltd.
📱 Irfan: 604-619-6786
📱 Aly: 778-239-1075
📧 [email protected]