11/04/2026
🏦 BREAKING: Bank of Canada raises rates to 2.50% 🔺
The BoC moved on October 28 — first hike in over a year — from 2.25% to 2.50%.
What it means for Edmonton 👇
▸ BUYERS: Variable-rate & new fixed rates nudge higher. Your pre-approval may shift — connect with your broker before Dec 9.
▸ SELLERS: Motivated buyers who've done their homework are still active in our market.
▸ BOTH: Edmonton remains one of Canada's most affordable major markets.
▸ WATCH: BoC has signalled more hikes possible in 2027.
~$62/mo extra on a $500K variable mortgage. Next BoC decision: December 9, 2026.
Questions about your next move? DM me — I'm here. 👇