The Bank of Canada Just Froze Rates Again. If Your Commercial Mortgage Renews in 2026, Waiting Is Costing You Money.
Facing Power of Sale? You Still Have Options. Stop power of sale, foreclosure & receivership – across Ontario.
The Bank of Canada held its rate at 2.25% for the seventh consecutive time on September 2, and economists now debate a hike in 2027, not a cut. That means the rate relief every property owner has been waiting for is officially off the table, right as thousands of 5-year terms signed at rock-bottom 2021 rates come due. Banks have tightened their lending criteria, and relying on your current lender's automated renewal offer could cost you tens of thousands over your next term. I shop your renewal across dozens of lenders, banks, credit unions, and private capital, so the market competes for your loan instead of you accepting whatever letter shows up in the mail.
Source: https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/
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