Mortgage Renewal Strategies Amid BoC’s Mid 2025 Rate Pause

Mortgage Renewal Strategies Amid BoC’s Mid 2025 Rate Pause

Blog Article

As we move through 2025, mortgage holders in British Columbia and Alberta are facing a critical moment. The Bank of Canada (BoC) has held its overnight lending rate steady at 2.75% in its June 2025 announcement, signaling a mid-year pause as it evaluates inflation progress and global economic risks. While this may bring a sense of stability, it also places pressure on the growing number of borrowers set to renew their fixed-rate mortgages this year.

Homeowners in Abbotsford, Surrey, and Edmonton are among those most affected, with many who locked in historically low rates in 2020–21 now facing renewals at significantly higher rates. The question is: how can you navigate this new phase without experiencing payment shock? For more info: https://www.sandhusranmortgages.com/blog/shielding-your-wallet-mortgage-renewal-strategies-amid-bocs-mid-2025-rate-pause/