10/27/2026
🏡 BANK OF CANADA RATE WATCH: OCTOBER 28
Could a potential interest rate hike affect your real estate plans?
The Bank of Canada is set to announce its next interest rate decision on October 28, and a possible increase from 2.25% to 2.50% has buyers and homeowners watching closely.
📈 What could this mean for Surrey and Metro Vancouver real estate?
🔹 Home buyers: Higher variable mortgage rates could affect your borrowing power and monthly payments.
🔹 Homeowners: If you have a variable-rate mortgage, your payments or the amount going toward principal could be affected.
🔹 Home sellers: Changes in affordability and buyer confidence may influence demand, pricing and the time it takes to sell.
🔹 Investors: Financing costs and cash flow deserve a closer look before making your next move.
💡 My advice: Whether you're planning to buy, sell or renew your mortgage, understand your options before making a decision. Don't let uncertainty stop you from planning ahead.
📩 Thinking of buying or selling in Surrey or Metro Vancouver? Send me a message. Let's discuss your real estate goals!
Note: A rate increase has not been confirmed. The Bank of Canada's decision is scheduled for October 28.
