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 2024 are:
- Wednesday, January 24*
- Wednesday, March 6
- Wednesday, April 10*
- Wednesday, June 5
- Wednesday, July 24*
- Wednesday, September 4
- Wednesday, October 23*
- Wednesday, December 11
*Monetary Policy Report published