After four rate cuts in 2025 bringing the overnight rate to 2.25%, the Bank of Canada is holding steady.
Mortgage Rate Outlook
Fixed mortgage rates expected to remain in the high-3% to mid-4% range in 2026.
Renewal Shock
Five-year fixed borrowers may see payments rise 15-20%. Average increases of 6% for 2026 renewals.
Use our mortgage calculator to model scenarios.