New Year, New Mortgage Strategy: What the Upcoming Bank of Canada Rate Announcement Could Mean for You

As we kick off 2026, many Canadian homeowners and homebuyers are asking the same question:

Are interest rates finally coming down?

With the first Bank of Canada interest rate announcement of 2026 scheduled in just days, this is an important moment to pause, review your mortgage, and make sure you’re positioned to take advantage of any changes.

I’m Rob Skoko, a mortgage broker with Skoko Mortgages, helping clients across British Columbia and Alberta, and here’s what you should know heading into the new year.