Rates & policy · October 28, 2026

Bank of Canada rate decision (with Monetary Policy Report)

The policy rate has been held at 2.25% since December 2025. The next decision is 28 October, and it comes with updated forecasts.

The lighthouse-style building at Bronte Harbour, Oakville, with boats behind it

Photo: Laslovarga, CC BY-SA 4.0, via Wikimedia Commons. Illustrative: it does not show the property or event described.

Source: Bank of Canada schedule ↗

The policy rate has been held at 2.25% since December 2025. The next decision is 28 October, and it comes with updated forecasts.

What it means: If you are on a variable rate or renewing soon, get a rate quote and a rate hold before the announcement.

Date and outcome unconfirmed until announced. A future date, not a news event yet.

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Oakville Town Square with its street clock, flags and brick buildings on a sunny day

Rates & policy · October 22, 2026Bank of Canada increasingly expected to raise interest rates this monthCBC reports that markets now price a quarter-point Bank of Canada hike on 28 October as likely, and that several major bank economists have moved from expecting a hold to expecting a hike. It pairs that with weak buyer demand: CREA has cut its 2026 sales forecast again, and an analyst quoted calls national sales volume a 25-year low.CBC News

Aerial view of Oakville’s harbour, downtown and the Lake Ontario shoreline

Rates & policy · October 19, 2026Statistics Canada releases September inflation (CPI)The September CPI is scheduled for Monday 19 October at 8:30 a.m. ET, nine days before the Bank of Canada’s 28 October decision. August inflation was 3.0% year over year, driven mostly by gasoline; excluding gasoline it was 2.4%. A hotter September strengthens the case for a hike; a cooler one weakens it.Statistics Canada

Market data · October 16, 2026CREA quarterly forecast updateCREA’s quarterly forecast update is listed for Friday 16 October. Last year the national September sales figures came out in mid-October alongside it, so they may arrive together.CREA

Summaries are independently written; the source is credited and linked where a link exists. Not financial, mortgage, tax or legal advice. Not intended to solicit buyers or sellers currently under contract with another brokerage. Yovan Gabric, REALTOR®, Royal LePage Pinnacle, Brokerage, independently owned and operated. E. & O.E.

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Bank of Canada rate decision (with Monetary Policy Report)

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