🇨🇦📊 BANK OF CANADA HOLDS 2.25% RATE BUT HOUSING PRESSURE BUILDS
🔹 BoC maintains 2.25% overnight rate through March — next decision April 29th with 84% chance of hold ⏰
🔹 Bond markets price in 16% risk of 0.25% hike as inflation stays near 2% target 📈
🔹 Housing market pain continues: mortgage renewals face payments 1-2% higher than pandemic lows 🏠
🔹 Prime rate sits at 4.45% — variable mortgages stable around 3.3-3.4% range 💳
🔹 Fixed 3-year rates 2.80-3.25% across RBC, TD, BMO — shop around for best deals! 🏦
Renewing your mortgage in 2026? Higher payments ahead — speak to a broker today for options! 📞🏡
#CanadaNews #mortgages #BankofCanada
@canada
🔹 BoC maintains 2.25% overnight rate through March — next decision April 29th with 84% chance of hold ⏰
🔹 Bond markets price in 16% risk of 0.25% hike as inflation stays near 2% target 📈
🔹 Housing market pain continues: mortgage renewals face payments 1-2% higher than pandemic lows 🏠
🔹 Prime rate sits at 4.45% — variable mortgages stable around 3.3-3.4% range 💳
🔹 Fixed 3-year rates 2.80-3.25% across RBC, TD, BMO — shop around for best deals! 🏦
Renewing your mortgage in 2026? Higher payments ahead — speak to a broker today for options! 📞🏡
#CanadaNews #mortgages #BankofCanada
@canada
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