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 2021 are:
- Wednesday, January 20
- Wednesday, March 10
- Wednesday, April 21
- Wednesday, June 9
- Wednesday, July 14
- Wednesday, September 8
- Wednesday, October 27
- Wednesday, December 8
The announcement dates for 2022 are:
- Wednesday, January 26
- Wednesday, March 2
- Wednesday, April 13
- Wednesday, June 1
- Wednesday, July 13
- Wednesday, September 7
- Wednesday, October 26
- Wednesday, December 7