What happened
The Bank of Canada held its policy rate at 2.25% for a sixth consecutive decision, with policymakers pointing to a rebounding economy and fading oil-driven inflation, as reported by Canadian Mortgage Trends.
Six straight holds is genuine stability — variable-rate borrowers have now enjoyed months of predictable payments. But note the direction of the conversation: with the economy improving, the next debate is about when rates rise, not whether they fall further.
“policymakers see the economy rebounding and oil price-driven inflation fading” — Bank of Canada holds rates at 2.25% as outlook improves, Canadian Mortgage Trends
The EverLend take
If your renewal lands in the next 6–12 months, this stretch of stability is your chance to plan rather than react. Locking a fixed rate now versus riding a variable is no longer an obvious call — it depends on your risk tolerance and timeline, and that's exactly the conversation to have with a broker before the cycle turns.
Source & further reading: Bank of Canada holds rates at 2.25% as outlook improves on Canadian Mortgage Trends.
Wondering what this means for your own mortgage? Talk to an EverLend agent — no cost, no pressure.