09/02/2026
The Bank of Canada held rates again this morning. Seventh time in a row.
So I did the math on what everyone is actually waiting for.
$600,000 mortgage, 25 year amortization. A quarter point cut moves your payment about $80 a month. Three cuts in a row gets you to roughly $240.
And here’s the part I don’t think most people know. Canada’s six biggest banks just published updated forecasts. Four of them think rates sit exactly where they are through the end of this year. The other two think they go up.
Not one of them is forecasting a cut.
2.25% is already the bottom of the Bank of Canada’s own neutral range. It’s not a high rate waiting to fall. That’s the floor.
$80 a month shouldn’t be the thing deciding when you buy a house. Your down payment, your job, how long you’re actually going to live there, that’s what decides it.
I’m a REALTOR in Langley, BC and I have this conversation with first time buyers across the Fraser Valley almost every week. The rate isn’t the variable that matters most. It just feels like it is.
Want the actual bank numbers so you can check them yourself? Comment RATES and I’ll send them over.
Amman Rawji | REALTOR® | Langley, BC
604-374-1118
