Rates & policy · October 22, 2026

Bank of Canada increasingly expected to raise interest rates this month

CBC 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.

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

Source: CBC News ↗

What it means: A hike would raise payments straight away on variable-rate mortgages and push up new fixed rates. If you are renewing or buying in the next few months, get a rate quote and a rate hold before the 28th.

Summarised from CBC’s headline and published excerpts; CBC blocks automated page reads, so check figures against the full article. Market odds change daily and are not a decision. Outcome unknown until the Bank announces on 28 October.

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Rates & policy · October 28, 2026Bank 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.Bank of Canada schedule

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

Stacked townhouses in northwest Oakville

Pre-construction · October 16, 2026CMHC releases September housing startsCMHC says it will publish September starts on 16 October at 8:15 a.m. ET. August’s annualized pace was 229,046 units, barely changed from 229,360 in July, and CMHC expects the trend to keep drifting down toward year-end. Starts are the early signal for how many new homes reach the market in two to four years.CMHC (release schedule stated in its August 2026 release)

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 increasingly expected to raise interest rates this month

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