Where Are Mortgage Rates Headed in 2027? A Calgary Buyer's Guide
Posted by Sahil Chhabra on
Where Are Mortgage Rates Headed in 2027?
"Should I wait for rates to come down?" is one of the questions we hear most from buyers right now, and it's easy to see why. After more than two years of rate hikes and cuts, everyone wants a signal that borrowing is about to get cheaper. Here's what the data actually says as of September 2026, and what it means if you're shopping for a home in Calgary this fall.
Where Rates Stand Today
On September 2, 2026, the Bank of Canada held its policy rate steady at 2.25% for the seventh consecutive decision, keeping the Bank Rate at 2.5% and the deposit rate at 2.20%. In its own words, the Bank says recent data came in "largely in line" with its July forecast and a broader economic recovery is underway , but…
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