On September 2, the Bank of Canada held its policy rate at 2.25%. The next decision is October 28, 2026.
Why the hold?
Inflation has hovered around 3%, pushed up mainly by gas prices. Without gasoline it was 2.2%, and core measures were close to 2%. The Bank flagged higher inflation risks and uncertainty from new US tariffs, and said it is ready to adjust as needed.
What it means for you
Variable-rate borrowers: Your payment stays steady for now.
Buyers: Rates are far below the 2023 peak. Combined with lower home prices and high inventory, affordability has improved. Get a rate hold with your pre-approval.
Renewing soon: Many owners who locked in five years ago at very low rates face a reset. Talk to your mortgage professional early and compare fixed and variable options.
Watch October 28
A cut, hold or hike will shape winter buying conditions. We'll post an update after the announcement.
Questions about how rates affect your plans? Call City To Suburb Real Estate Group at 604-626-1483 or email info@citytosuburb.ca and we'll connect you with a trusted mortgage professional.
Source: Bank of Canada interest rate announcement, September 2, 2026. This post is general information, not financial advice.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: