If you have a variable rate mortgage, it is most likely that the interest rate that applies to your mortgage is dependent on the Bank of Canada Rate. The Bank of Canada announces any changes to this rate at the pre-determined dates below.
The announcement dates for 2025 are:
- Wednesday, January 29*
- Wednesday, March 12
- Wednesday, April 16*
- Wednesday, June 4
- Wednesday, July 30*
- Wednesday, September17
- Wednesday, October 29*
- Wednesday, December 10
*Monetary Policy Report published