In 2025, the Bank of Canada (BoC) is set to deliver eight key interest rate announcements, signaling important information about the domestic economy. These announcements have a direct and indirect impact on mortgage rates, making them crucial for both homeowners and potential buyers.
Why the Interest Rate Announcements Matter
BoC’s interest rate policies aim to ensure economic stability and control inflation. If the rates rise, homeowners with variable-rate mortgages may see an increase in their monthly payments, and new fixed-rate mortgages may experience upward pressure. Conversely, if the rates are held steady or decrease, homebuyers and owners may benefit from more favorable conditions.
2025 Announcement Schedule
The Bank’s interest rate announcements for this year are as follows:
1/29, 3/12, 4/16, 6/4, 7/30, 9/17, 10/29, 12/10
Now is the Time to Plan
It is important to monitor these dates to understand economic trends and adjust your mortgage strategy accordingly. Although the future of interest rates is uncertain, now is the time to explore both fixed and variable rate options and consult with experts to make the best decision.
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