Bank of Canada announcements
The Bank of Canada sets its policy interest rate on eight scheduled dates each year. Its decisions influence variable-rate mortgages and lines of credit, while fixed rates tend to follow bond markets. For the current policy rate and upcoming dates, see the Bank of Canada's official page.
Renewals
Many homeowners are renewing mortgages that were originally set in a different rate environment. If your renewal is within the next year, a review can help you understand your options before your lender's offer arrives.
Fixed or variable?
There's no single right answer. The choice depends on your budget, your comfort with payment changes and your plans for the home. We'll compare both across our lenders.
We don't publish rate predictions. Rates change frequently and depend on lender approval and your individual circumstances. Contact us for options based on your situation.
This article is general information only and is not financial, legal or tax advice. Mortgage rules, rates, products and fees change and are subject to lender approval and individual circumstances. Speak with a licensed mortgage professional about your situation.