Christian Lane
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07/15/2026
Today, the Bank of Canada announced that it is holding its key interest rate at 2.25%, marking the sixth consecutive rate hold.
While this decision was widely expected, many homeowners are wondering what it means and why the Bank chose to leave rates unchanged.
The Bank's job is to keep inflation under control while supporting a healthy economy. Although inflation increased to 3.2% in May, much of that rise was driven by higher gasoline prices. Canada's economy is beginning to improve, but growth remains modest. Ongoing global conflicts and trade issues continue to create uncertainty about what comes next.
With these mixed economic signals, the Bank has chosen to take a wait-and-see approach. It will keep interest rates unchanged while continuing to monitor inflation and the broader economy.
If you have a variable-rate mortgage or home equity line of credit (HELOC), your interest rate will remain unchanged for now.
If you're considering a fixed-rate mortgage, it's important to remember that fixed rates are influenced by the bond market rather than the Bank of Canada's overnight rate. That means fixed mortgage rates can still move up or down, even when the Bank holds its policy rate.
Even when interest rates don't change, your financial situation and mortgage options may have. No matter where you are in your homeownership journey, it's always a good idea to review your mortgage. Whether you're renewing, buying a home, refinancing, or simply checking that your mortgage still meets your needs, I'm here to help you explore your options.
The Bank of Canada is scheduled to make its next interest rate announcement in September, and I'll continue to keep you informed as the market evolves.
If you have any questions about today's announcement or would like to discuss your mortgage strategy, don't hesitate to reach out. I'm always happy to help.
DM or call me at (778)877-1552.
- Christian
Thank you for your service.
Growth has a way of changing what you will and won’t accept.
The boundaries I set aren’t designed to punish. They’re there because protecting my peace and my values is non-negotiable.
Not everyone celebrates those boundaries. Some see them as rejection because the version of me they were used to, the one that overextended, stayed silent, or sacrificed too much, is no longer available.
Growth means that gratitude for the past and distance in the present can comfortably coexist.
It also means that the people meant to remain in my life are the ones who respect my boundaries because they respect me.
Growth often changes your circle before it changes your destination.
I called Campbell River home at one point in my life but, like so many things when we’re young, its unique treasures eluded me and I’m so glad I had the opportunity to come back and visit.
There was something moving about this vessel, how lovingly restored she was, and the stories she holds.
Live YOUR life.
06/12/2026
All too many don’t, but you did. I’m proud of you. Keep going. 👊🏻
I’m proud of you. Keep going. 👊🏻
1. Your appearance and posture set the tone. Long before I entered law enforcement, I learned the importance of dress, deportment and presence. Not only did Ed, the owner of the service station, insist on (and pay for) clean and pressed uniforms, he mandated that no matter the weather, we had to be outside at the pumps, always ready to serve.
2. How you treat others says a lot about your character. Whether it was a brand new Mercedes Benz filling up or a beat up old Toyota that just needed five bucks in the tank to get to work, each customer had their oil level checked, tire pressures topped off, and windows washed. Everyone was treated equally.
3. Accountability is more impactful than discipline. I left the oil cap off after servicing a car. A day later the owner came back (rightfully) demanding he be made whole. Ed reassured the customer that we’d make it right and, in lieu of firing me, calmly instructed me to pressure wash the customer’s engine compartment and detail the car. Mistakes are learning opportunities, not a personal affront in need of retribution.
Thanks, Ed.
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