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A steady policy rate does not freeze mortgage pricing

Monthly history through August · September hold disclosed in claim

Unit: % annual rate
Compare series or markets · 2 selected
A steady policy rate does not freeze mortgage pricingThe Bank of Canada held its overnight target at 2.25% on September 2. Unit: % annual rate. Last available observation in each completed month. Use left and right arrow keys to inspect observations. The data table follows the chart.A steady policy rate does not freeze mortgage pricingOvernight targetPrime reference rate% annual rate0%2%4%6%8%Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025Aug 2026Homies Research, using Bank of Canada data · Through monthly history through 2026-08; decision 2026-09-02Last available observation in each completed monthHOMIES RESEARCH
Aug 2026Overnight target 2.25%Prime reference rate 4.45%

The Bank of Canada held its overnight target at 2.25% on September 2.

Source: Homies Research, using Bank of Canada data. Reference: monthly history through 2026-08; decision 2026-09-02. Released 2026-09-02. Retrieved 2026-09-28.

Last available observation in each completed month · Canonical ETL uses month-end/last observation, not monthly average. September snapshot is incomplete; primary daily bonds are charted separately. Prime is a reference, not every borrower’s rate.

CSVChart permalink ↗
View accessible data table · 2 series, 61 observations

Showing the latest 12 observations.

A steady policy rate does not freeze mortgage pricing. Unit: % annual rate. Last available observation in each completed month
PeriodOvernight targetPrime reference rate
Sep 20252.5%4.7%
Oct 20252.25%4.7%
Nov 20252.25%4.45%
Dec 20252.25%4.45%
Jan 20262.25%4.45%
Feb 20262.25%4.45%
Mar 20262.25%4.45%
Apr 20262.25%4.45%
May 20262.25%4.45%
Jun 20262.25%4.45%
Jul 20262.25%4.45%
Aug 20262.25%4.45%

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