Canada’s mortgage rates in 2026 are expected to remain stable, with the Bank of Canada holding the policy rate at 2.25%. Fixed rates may rise slightly with bond yields, while variable rates stay steady. About 33% of borrowers renewing mortgages will face higher payments, averaging a 20% increase for fixed-rate holders. Economic growth is steady, inflation is easing, and trade tensions may influence future rate decisions. Overall, borrowing costs will stay elevated, impacting housing demand and household budgets.
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