Mortgage Rates Outlook Canada 2026-2030

BoC held policy rate at 2.25% 2026; prime rate currently 4.45%.
Canada inflation is 2.3% yearly; rate-change effects can take 4 to 6 fiscal quarters.
By end of 2026, ~33% of mortgage holders expected higher payments; fixed renewals in 2026 avg ~20% increase.
Variable renewals vary: 10% projected ↑>40%, while ~25% could see payments fall by at least 7%.
Most forecasts see 2.25% through 2026; some banks expect up to 50 basis points higher, to 2.75%.