Found 2 blog entries tagged as rates.

Mortgage Renewal in Edmonton (2026): What 2021 Homeowners Need to Know About Higher Interest Rates

If you bought or refinanced your home in Edmonton in 2021, your mortgage is likely coming up for renewal in 2026, and your new interest rate will almost certainly be higher.

Many homeowners who locked in rates between 1.5%–2.5% are now facing renewal offers significantly above that range. For the average Edmonton mortgage, that could mean hundreds of dollars more per month.

If your mortgage is renewing this year, here’s exactly what you should do, and when it might make more sense to sell instead of renew.

Why Mortgage Renewals in 2026 Are Hitting Harder

In 2021, interest rates were historically low across Canada. Since then, rate increases…

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Bank of Canada Cuts Policy Rate to 2.50%: What It Means for Edmonton Real Estate

What Just Happened

On September 17, 2025, the Bank of Canada cut its overnight policy rate by 25 basis points, bringing it down to 2.50%. The Bank Rate now sits at 2.75%, while the deposit rate is 2.45%.This marks the Bank’s first cut since its summer pause, and many economists believe it could be the start of a modest easing cycle heading into 2026. Source: Bank of Canada

Why the Bank of Canada Cut Rates

The Bank cited a mix of slowing growth, softening labour markets, and cooling inflation as the main reasons:

  • Economic slowdown – Canada’s economy shrank by about 1.5% in Q2, with exports down sharply and business investment falling.

  • Inflation…

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