Bank of Canada Held Rates. Why That’s Big for Alberta Buyers in 2026
How the 2026 Rate Pause Impacts Your Alberta Mortgage Strategy
The Bank of Canada just held its key interest rate steady again in December, keeping it at 2.25%. While that might sound like just another policy announcement, it’s actually an important signal for anyone thinking of buying, building, or relocating to Alberta.
Whether you're moving from Ontario or BC, investing in Alberta’s secondary markets, or looking for a better way to manage your mortgage, this period of rate stability could be your best window to act.
Let’s walk through what this means for your 2026 mortgage strategy.
Why the Bank Is Holding Rates Steady
The Bank of Canada is watching inflation decline, now down to around 2.2%, without tipping the economy into a slowdown. So instead of raising or cutting, the bank is keeping things consistent.
For Alberta buyers, this is a promising development. Interest rates are no longer climbing, fixed rates are beginning to ease, and Alberta’s job and housing markets remain strong.
What It Means for You in Alberta
Whether you’re buying a first home, relocating to Alberta, investing in a rental, or consolidating debt, this kind of rate environment offers an ideal time to act.
Moving to Alberta from BC or Ontario?
Now is a smart time to relocate. Alberta continues to offer lower home prices, no land transfer tax, lower income tax, and strong employment growth in cities like Calgary and Edmonton, along with emerging opportunities in secondary markets.
Tip: Use a rate hold to secure today’s lower fixed rates before more buyers enter the market this spring.
Renewing a Mortgage in 2026?
Many Albertans who bought homes during the low-rate years of 2021 and 2022 are now seeing much higher renewal offers. The Bank’s hold means these rates won’t climb further for now, and you still have time to explore better options.
Tip: Don’t renew with your current lender automatically. We’ll compare offers and guide you through your choices to keep more money in your pocket.
Investing or Building in Alberta?
Stable rates make planning easier. Whether you’re building a home, buying for a family member, or adding a rental to your portfolio, Alberta remains one of Canada’s strongest real estate markets for long-term growth and affordability.
Tip: Consider shorter fixed terms such as 2 or 3 years to stay flexible in case rates drop later this year.
What’s Next for Mortgage Rates?
Most economists expect the Bank of Canada to begin cutting rates in mid to late 2026. That outlook is already putting downward pressure on fixed mortgage rates.
How to Take Advantage in Alberta’s Market
Here are a few ways to act with confidence:
Lock in a pre-approval for 120 days while rates are trending down
Compare offers at renewal and consider switching lenders
Explore Alberta’s secondary markets for affordability and growth
Avoid waiting for a major drop in rates that may trigger more competition
Let’s Plan Your Next Move
Whether you're relocating, renewing, or investing, this rate pause creates a strong foundation for your next step in Alberta real estate.
Our team at Merge Mortgage Group helps clients across Alberta, BC, and Ontario get the right mortgage with expert support and personalized advice.
📍 Serving Alberta, BC, and Ontario
🌐 Visit: mergemortgage.ca
