No change this time! The Bank of Canada has decided to hold its key interest rate steady at 2.25%. So, the prime rate will stay at 4.45%.

What does this mean for you?

Stability in borrowing costs (for now)
No immediate impact on variable mortgages or HELOCs
A “wait and watch” approach as inflation and global factors evolve

While inflation is expected to rise slightly in the short term, the Bank is being cautious and monitoring the economy closely before making any big moves.

 Bottom line:
No rate hike, no rate cut — just a pause. But things can change quickly, so staying informed is key!

Need help understanding how this impacts your mortgage or future plans? Let’s connect 

 Jaspreet Bansal, Mortgage Professional
 204.998.1636
 info@jaspreetbansal.ca
 www.jaspreetbansal.ca