09/02/2026
September 2nd, 2026 Bank of Canada Rate Update:
The Bank of Canada has announced that it is holding its policy interest rate steady.
For homeowners with variable-rate mortgages or lines of credit tied to prime, this means there should be no immediate rate-driven change following today’s announcement. Fixed mortgage rates may still move independently based on bond-market conditions.
Whether you’re buying, renewing, or considering a refinance, this is a good opportunity to review your options and make sure your mortgage strategy still aligns with your plans.
Book a time to discuss your mortgage options: bmmortgages.ca