Cusumano Mortgage Rates

April 29, 2026 – Bank of Canada Holds Rates

What does this mean for you?

Every mortgage and buying decision is unique, but understanding why rates are paused helps you plan ahead. The Bank of Canada is balancing inflation (sitting near 2.5%) while trying to maintain economic stability—especially with ongoing global energy price pressures. They see it going closer to 3%.

If energy costs rise further, it could influence future rate decisions. For now, the Bank will continue to assess conditions at each meeting and adjust at those times. 

Global events, including ongoing conflicts, will continue to play a role in what happens next.

Have questions about how this affects your mortgage or buying plans? Let’s talk.

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