The Bank of Canada held at 2.25%. Your mortgage still needs its own check.
Read the September decision alongside your own renewal quote, budget and mortgage terms.
The Bank of Canada's September 2 decision held the overnight target at 2.25%. It also listed the Bank Rate at 2.5% and deposit rate at 2.20%. These are not quotes for your mortgage. Read the central bank's decision.
Put the headline next to your paperwork
If you are renewing or shopping, ask for a written quote showing the rate, term, payment, fees and conditions. Compare offers using the same loan amount and amortization.
Make it personal
Use YorkNine's mortgage tools to test your own numbers, then confirm a product quote with your lender or broker.
A policy-rate hold alone does not tell you what a particular mortgage will cost.
Sources & further reading 1
Primary sources checked Sep 9, 2026. Market figures refer to the period stated in the article.