Fixed Rates Driven Up By Bond Rates
  
We have recently seen a sudden increase to bond rates which are driving fixed rates up. If you are in a variable rate and have considered locking your mortgage in, now may be the time. We are expecting an increase to fixed rates by as much as 0.3% by midnight tomorrow for most lenders.
If you wish to lock in you will need to contact your lender directly. If you need assistance with this, please let us know.
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Bank of Canada Holds Policy Rate Steady
By Dr Sherry Cooper, Chief Economist for DLCG
Posted Mar 18, 2026
Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering just under 2% and core inflation falling to 2.3%, the Governing Council sees the current overnight rate as appropriate, as the Bank looks through the inflationary effects of the war in Iran.
Keep reading here...
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