📢 Bank of Canada Update: No Rate Change
The Bank of Canada has announced no change to its policy rate, and as a result, Prime remains at 4.45%.
What does this mean for you?
Variable-rate mortgages and lines of credit stay the same Fixed rates aren’t directly affected (they follow the bond market)A rate hold simply means the Bank of Canada is pausing to review inflation and economic data. For homeowners, this brings stability.
Unsure how this impacts your mortgage, renewal, or buying plans? Message me anytime — happy to help.
Jaspreet Bansal, Mortgage Professional
204.998.1636