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When the Bank of Canada makes a rate announcement, it grabs headlines.

But here’s what many buyers and sellers misunderstand:

👉 The Bank of Canada does not directly set mortgage rates.

It influences them—but your rate is actually shaped by three moving parts:

• 🏛️ The Bank of Canada
• 📉 …

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The Bank of Canada held its policy interest rate at 2.25% on March 18, 2026, and while that won’t shock anyone who has been following the headlines closely, it still matters for anyone planning to buy, sell, or refinance a home in Greater Sudbury this spring.

Today’s decision …

Note: This post is written as market analysis for Greater Sudbury and should be read as commentary on potential impacts—not financial advice.

Today, the Bank of Canada held its policy interest rate at 2.25%.

That decision may not sound dramatic — and that’s exactly the point.

After several …

The Bank of Canada headed into its final announcement of the year with a simple message:

No more cuts for now. No surprises. No drama.
Just stability — and that’s something our market hasn’t had much of in the last few years.

The Bank held its key policy interest …

Why the Bank of Canada’s latest move may not be the floodgate some buyers are hoping for — but why it’s still a signal that tides are turning.

The Bank of Canada made its move this morning — trimming its key overnight interest rate from 2.50% to 2 …

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Another Bank of Canada rate announcement, another “we’re holding steady.” As of today—July 30th, 2025—the overnight rate is staying put at 2.75%. No surprise here if you’ve been following my blog (and if you haven’t, now’s a great time to start 😎).

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