The Bank of Canada held its key interest rate today on December 10th 2025, which means the prime rate stays at 4.45%.

So what does this mean for you?

Variable-rate mortgage clients: No change in your rate or payment.

HELOC users: Your borrowing costs stay the same.

Planning to buy or refinance? Stability in rates helps with planning and pre-approvals.

If you’re unsure how today’s announcement affects your mortgage, send me a message — I’m here to help simplify the process.

Jaspreet Bansal, Mortgage Professional

204.998.1636