Rates & policy · October 8, 2026

Many Canadians switched to 3-year mortgages, which proved risky

Borrowers who chose shorter 3-year terms are facing renewals sooner than they planned, in a rate environment that has not moved in their favour.

Cafés and shops on Lakeshore Road East in downtown Oakville

Photo: Municipal Affairs and Housing, CC BY 2.0, via Wikimedia Commons. Illustrative: it does not show the property or event described.

Source: Toronto Star, reported in CREA “Read All About It”, 8 Oct 2026

Borrowers who chose shorter 3-year terms are facing renewals sooner than they planned, in a rate environment that has not moved in their favour.

What it means: If your term ends in the next 12 months, ask your lender for a renewal quote and compare it with a broker’s.

Send this pageText it Email ithttps://yovan-gabric.ca/news/story/three-year-mortgages

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

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

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

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.

A straightforward first conversation

Let’s look at the complete picture.

Tell me where you are in the process. We’ll discuss the property, the market, and the questions that matter most to you.

Book a consultation

Many Canadians switched to 3-year mortgages, which proved risky

More on this.

Let’s look at the complete picture.