{"id":214,"date":"2026-06-03T22:14:12","date_gmt":"2026-06-03T22:14:12","guid":{"rendered":"https:\/\/donemortgage.ca\/blogs\/?p=214"},"modified":"2026-06-03T22:14:54","modified_gmt":"2026-06-03T22:14:54","slug":"bank-of-canada-rate-decision","status":"publish","type":"post","link":"https:\/\/www.donemortgage.ca\/blogs\/bank-of-canada-rate-decision\/","title":{"rendered":"Bank of Canada Rate Decision 2026: How It Impacts Your Mortgage"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Bank of Canada rate announcements are some of the most closely watched events in the Canadian mortgage market. Whether you&#8217;re buying a home, renewing a mortgage, refinancing, or simply trying to understand where rates are headed, these decisions can influence your borrowing costs and financial planning.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, many Canadians misunderstand what the Bank of Canada actually controls and how quickly mortgage rates respond. A Bank of Canada announcement doesn&#8217;t automatically mean mortgage rates change overnight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s what borrowers should know about Bank of Canada rate decisions and how they can impact your mortgage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is a Bank of Canada rate decision?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A <strong>Bank of Canada rate decision<\/strong> is when Canada&#8217;s central bank announces whether it will increase, decrease, or hold its target overnight rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The overnight rate is the interest rate financial institutions use when lending money to one another for short periods.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While consumers don&#8217;t borrow directly at this rate, it influences:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prime lending rates<\/li>\n\n\n\n<li>Variable mortgage rates<\/li>\n\n\n\n<li>Home equity lines of credit (HELOCs)<\/li>\n\n\n\n<li>Personal lines of credit<\/li>\n\n\n\n<li>Business borrowing costs<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is why every Bank of Canada announcement receives significant attention from homeowners, buyers, lenders, and investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What does the Bank of Canada actually control?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the biggest misconceptions is that the Bank of Canada directly controls all mortgage rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It doesn&#8217;t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bank of Canada primarily controls:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The overnight lending rate<\/li>\n\n\n\n<li>Monetary policy<\/li>\n\n\n\n<li>Inflation management<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Variable mortgage rates are heavily influenced by these decisions because lenders often adjust their prime lending rates after a change to the overnight rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed mortgage rates work differently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed mortgage pricing is largely influenced by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Government of Canada bond yields<\/li>\n\n\n\n<li>Inflation expectations<\/li>\n\n\n\n<li>Economic growth forecasts<\/li>\n\n\n\n<li>Global financial markets<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This explains why fixed rates sometimes rise even when the Bank of Canada is cutting rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bank of Canada announcement schedule<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Bank of Canada typically announces rate decisions eight times per year on a predetermined schedule.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These announcement dates are published well in advance and become key milestones for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Home buyers<\/li>\n\n\n\n<li>Mortgage renewals<\/li>\n\n\n\n<li>Real estate professionals<\/li>\n\n\n\n<li>Financial markets<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In the weeks leading up to each announcement, economists, lenders, and investors analyze economic data to predict the Bank&#8217;s next move.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Markets often begin pricing in expected decisions before the official announcement occurs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why mortgage rates don&#8217;t move instantly<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Many borrowers expect mortgage rates to change the moment the Bank of Canada makes an announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In reality, the process is more complicated.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For variable-rate mortgages<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the Bank of Canada changes the overnight rate, lenders typically review their prime rates shortly afterward.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most major lenders respond within days, though timing can vary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If prime rates change:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Variable mortgage rates may change<\/li>\n\n\n\n<li>HELOC rates may change<\/li>\n\n\n\n<li>Line of credit rates may change<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For fixed-rate mortgages<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed mortgage rates don&#8217;t automatically follow Bank of Canada announcements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead, they react primarily to bond markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In many cases:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bond yields move before the announcement<\/li>\n\n\n\n<li>Markets price expectations in advance<\/li>\n\n\n\n<li>Fixed rates may already reflect expected changes<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is why some borrowers are surprised when fixed mortgage rates barely move after a major Bank of Canada decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How lenders react after a Bank of Canada rate decision<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Following a Bank of Canada announcement, lenders assess:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Economic outlook<\/li>\n\n\n\n<li>Inflation trends<\/li>\n\n\n\n<li>Bond market activity<\/li>\n\n\n\n<li>Competitive pressures<\/li>\n\n\n\n<li>Funding costs<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Some lenders react immediately.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Others wait to see how broader markets respond.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means borrowers can occasionally see slight differences between lenders in the days following a major announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mortgage pricing isn&#8217;t always uniform across the industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Bank of Canada rate decisions affect mortgage renewals<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If your mortgage renewal is approaching, Bank of Canada announcements become particularly important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Renewing borrowers should pay close attention because:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Variable mortgage pricing may change<\/li>\n\n\n\n<li>Fixed rates can shift based on bond yields<\/li>\n\n\n\n<li>Lender promotions may change<\/li>\n\n\n\n<li>Rate holds can become valuable<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Many borrowers make the mistake of waiting until the last minute.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shopping early gives you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>More lender options<\/li>\n\n\n\n<li>More negotiating power<\/li>\n\n\n\n<li>Potential rate protection<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In many cases, lenders can hold rates for up to 120 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Bank of Canada rate decisions affect home buyers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For home buyers, rate decisions can influence both affordability and qualification.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Lower rates may:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improve affordability<\/li>\n\n\n\n<li>Reduce monthly payments<\/li>\n\n\n\n<li>Increase purchasing power<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Higher rates may:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reduce borrowing capacity<\/li>\n\n\n\n<li>Increase qualification challenges<\/li>\n\n\n\n<li>Raise monthly payment costs<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">However, interest rates are only one piece of the affordability puzzle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Home prices, income, debt levels, and the mortgage stress test also play major roles in determining what buyers can afford.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What borrowers should do before a Bank of Canada rate decision<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. Review your mortgage timeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ask yourself:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Are you buying soon?<\/li>\n\n\n\n<li>Renewing soon?<\/li>\n\n\n\n<li>Refinancing soon?<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Your timeline determines how much impact a rate decision may have on your plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Get pre-approved<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A mortgage pre-approval can often secure a rate hold for up to 120 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This protects buyers if rates rise after an announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even if rates decline later, many lenders allow borrowers to access lower rates before closing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Understand both fixed and variable options<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many borrowers focus entirely on predicting the next Bank of Canada move.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead, compare:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fixed-rate stability<\/li>\n\n\n\n<li>Variable-rate flexibility<\/li>\n\n\n\n<li>Your risk tolerance<\/li>\n\n\n\n<li>Your long-term plans<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The lowest rate isn&#8217;t always the best strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What borrowers should do after a Bank of Canada rate decision<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Review available rates<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Don&#8217;t assume your current lender offers the best option.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Compare:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Major banks<\/li>\n\n\n\n<li>Monoline lenders<\/li>\n\n\n\n<li>Credit unions<\/li>\n\n\n\n<li>Mortgage broker channels<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reassess your mortgage strategy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If rates changed significantly, it may be worth reviewing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Renewal options<\/li>\n\n\n\n<li>Refinancing opportunities<\/li>\n\n\n\n<li>Debt consolidation strategies<\/li>\n\n\n\n<li>Payment structures<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Avoid emotional decisions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One announcement rarely changes everything.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mortgage decisions should be based on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Long-term affordability<\/li>\n\n\n\n<li>Financial goals<\/li>\n\n\n\n<li>Risk tolerance<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Not just headlines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Common misconceptions about Bank of Canada rate decisions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;Fixed mortgage rates always follow Bank of Canada announcements.&#8221;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">False.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed mortgage rates are primarily influenced by bond yields.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;A rate cut automatically lowers my mortgage payment.&#8221;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not always.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It depends on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mortgage type<\/li>\n\n\n\n<li>Lender structure<\/li>\n\n\n\n<li>Payment terms<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;I should always wait for the next announcement.&#8221;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not necessarily.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Waiting can backfire if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rates rise unexpectedly<\/li>\n\n\n\n<li>Home prices increase<\/li>\n\n\n\n<li>Desired properties sell<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;One rate decision changes the housing market.&#8221;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Rarely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Housing markets are influenced by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supply<\/li>\n\n\n\n<li>Demand<\/li>\n\n\n\n<li>Employment<\/li>\n\n\n\n<li>Population growth<\/li>\n\n\n\n<li>Consumer confidence<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Rate decisions are important, but they&#8217;re only one factor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQ<\/h2>\n\n\n\n<div class=\"wp-block-rank-math-faq-block\"><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\">Should I lock in my mortgage rate before a Bank of Canada announcement?<\/h3><div class=\"rank-math-answer\">If you&#8217;re buying or renewing within the next few months, securing a rate hold can provide protection against potential increases while preserving flexibility if rates improve.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\">How quickly do lenders react after a Bank of Canada rate decision?<\/h3><div class=\"rank-math-answer\">Many lenders adjust prime rates within a few days, though timing can vary.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\">Do fixed mortgage rates always change after an announcement?<\/h3><div class=\"rank-math-answer\">No. Fixed rates are influenced more by bond markets than by the overnight rate itself.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\">Can a rate cut help me qualify for a larger mortgage?<\/h3><div class=\"rank-math-answer\">Potentially, yes. Lower borrowing costs may improve affordability and qualification amounts, depending on your financial profile.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\">How often does the Bank of Canada announce rates?<\/h3><div class=\"rank-math-answer\">The Bank of Canada typically makes eight scheduled rate announcements each year.<\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A <strong>Bank of Canada rate decision<\/strong> can have a meaningful impact on mortgage borrowing costs, but understanding how that impact flows through the financial system is essential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Variable-rate borrowers typically feel changes first, while fixed-rate borrowers often see rates move based on bond market expectations rather than the announcement itself.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re buying, renewing, or refinancing, staying informed about Bank of Canada decisions can help you make smarter mortgage choices and avoid costly mistakes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most successful borrowers aren&#8217;t necessarily the ones who predict rate movements perfectly\u2014they&#8217;re the ones who prepare for multiple scenarios and build a mortgage strategy that works regardless of what the next announcement brings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Content structure and tone were developed using the educational, consumer-focused style reflected in the provided Ratehub reference material.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Important Info<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.donemortgage.ca\/blog-details\/fixed-vs-variable-mortgage-rates-in-canada-2026-what-smart-borrowers-are-doing-right-now\">Fixed vs Variable Mortgage<br><\/a><a href=\"https:\/\/www.donemortgage.ca\/blog-details\/first-time-home-buyer-incentive-in-canada-is-it-actually-worth-it\">First-Time Home Buyer Guide<br><\/a><a href=\"https:\/\/www.bankofcanada.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Canada<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Canada Interest Rate Announcements<\/a><br><a href=\"https:\/\/www.cmhc-schl.gc.ca\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">CMHC Mortgage Resources<\/a><br><a href=\"https:\/\/www.canada.ca\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Government of Canada Financial Consumer Resources<\/a><\/p>\n\n\n        <div class=\"rttpg-block-postgrid rttpg-block-wrapper rttpg-block-a01fb5 tpg-filter-type-dropdown meta-visibility-show section-title-style-style1 img_hover_animation_default title-default title_position_default title_hover_border_default meta_position_default tpg-is-author-icon-default author-image-visibility-icon tpg-category-position-default readmore-btn-default-style grid-hover-overlay-type-always grid-hover-overlay-height-default hover-overlay-height-default tpg-title-border-default filter-nex-prev-btn-visible tpg-cat-style1 slider-scroll-hide act-label-style-inline\">\n            <div class=\"rt-container-fluid rt-tpg-container tpg-el-main-wrapper tpg-gutenberg clearfix grid-layout1-main\"\n                 id=\"rt-tpg-container-4232870208\"\n                 data-layout=\"grid-layout1\"\n                 data-grid-style=\"tpg-full-height\" data-sc-id=\"elementor\"\n                 data-el-settings=''\n                 data-el-query=''\n                 data-el-path=''>\n\t\t\t\t                <div class='tpg-header-wrapper '>\n\t\t\t\t\t\n        <div class=\"tpg-widget-heading-wrapper rt-clear heading-style1 \">\n            <span class=\"tpg-widget-heading-line line-left\"><\/span>\n\t\t\t<h2 class='tpg-widget-heading'>\n\t\t\t            <a href=\"#\"  >\n\t\t\t\t\n\t\t\t\t                    <span>\n\t\t\t\t\t\tBlog\t\t\t\t\t<\/span>\n\t\t\t\t\t\n\t\t\t\t            <\/a>\n\n\t\t\t\t\t<\/h2>            <span class=\"tpg-widget-heading-line line-right\"><\/span>\n\n\t\t\t\n        <\/div>\n\n\t\t\n\t\t                <\/div>\n\n                <div class=\"rt-row rt-content-loader gutenberg-inner grid-layout1 grid-behaviour tpg-full-height grid_layout_wrapper\">\n\t\t\t\t\t\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-295 post type-post status-publish format-standard has-post-thumbnail hentry category-mortgage\"\t\tdata-id=\"295\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"295\" href=\"https:\/\/www.donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/Minimum-Down-Payment-Ontario-2026-guide-showing-5-10-and-20-rules.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"Minimum Down Payment Ontario 2026 guide showing 5%, 10% and 20% rules\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"295\" href=\"https:\/\/www.donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">Minimum Down Payment in Ontario: Rules, Examples and Common Mistakes<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"mortgage\" href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/mortgage\/\">Mortgage<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/www.donemortgage.ca\/blogs\/2026\/07\/22\/\">\n\t\t\t\t\tJuly 22, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tThe minimum down payment in Ontario depends on the purchase price of the home. It is not always a&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"295\" href=\"https:\/\/www.donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-285 post type-post status-publish format-standard has-post-thumbnail hentry category-mortgage\"\t\tdata-id=\"285\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"285\" href=\"https:\/\/www.donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-17-2026-03_52_05-AM.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"FHSA Canada: How Contributions, Tax Deductions and Withdrawals Work\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"285\" href=\"https:\/\/www.donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">FHSA Canada: How Contributions, Tax Deductions and Withdrawals Work<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"mortgage\" href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/mortgage\/\">Mortgage<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/www.donemortgage.ca\/blogs\/2026\/07\/16\/\">\n\t\t\t\t\tJuly 16, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tSaving for a first home has never been easy, particularly in Ontario where home prices remain well&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"285\" href=\"https:\/\/www.donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-284 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\"\t\tdata-id=\"284\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"284\" href=\"https:\/\/www.donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/First-Time-Home-Buyer-in-Ontario.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"First-Time-Home-Buyer-in-Ontario\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"284\" href=\"https:\/\/www.donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">First-Time Home Buyer in Ontario: Programs, Down Payment and Closing Costs<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"uncategorized\" href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/uncategorized\/\">Uncategorized<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/www.donemortgage.ca\/blogs\/2026\/07\/16\/\">\n\t\t\t\t\tJuly 16, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tBuying your first home usually becomes real long before you receive the keys. It may start when you&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"284\" href=\"https:\/\/www.donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>                <\/div>\n\n\t\t\t\t\n            <\/div>\n        <\/div>\n\t\t\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Canada rate announcements are some of the most closely watched events in the Canadian mortgage market. Whether you&#8217;re buying a home, renewing a mortgage, refinancing, or simply trying to understand where rates are headed, these decisions can influence your borrowing costs and financial planning. However, many Canadians misunderstand what the Bank of Canada [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"rttpg_featured_image_url":{"full":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1536,1024,false],"landscape":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1536,1024,false],"portraits":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1536,1024,false],"thumbnail":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",150,100,false],"medium":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",300,200,false],"large":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1024,683,false],"1536x1536":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1536,1024,false],"2048x2048":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/06\/Bank-of-Canada-rate-decision-and-mortgage-rate-impact.webp",1536,1024,false]},"rttpg_author":{"display_name":"Swati Malik","author_link":"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/mortgage\/\" rel=\"category tag\">Mortgage<\/a>","rttpg_excerpt":"Bank of Canada rate announcements are some of the most closely watched events in the Canadian mortgage market. Whether you&#8217;re buying a home, renewing a mortgage, refinancing, or simply trying to understand where rates are headed, these decisions can influence your borrowing costs and financial planning. However, many Canadians misunderstand what the Bank of Canada&hellip;","_links":{"self":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":1,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/214\/revisions"}],"predecessor-version":[{"id":216,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/214\/revisions\/216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media\/215"}],"wp:attachment":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media?parent=214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/categories?post=214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/tags?post=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}