With inflation up a bit due to rising grocery prices and the positive forecast for growth this year....the word from our Chief Economist is that the Bank of Canada will sit on its hands and we will not see a cut to the bank rate this year. This would result in variable mortgage rates holding steady. As for Fixed Rates they are driven by the bond market and with the USA working to drive down their rates as the government pushes for affordability....we may see downward pressure on Canadian bond rates. 2026 will be a very interesting year for we are living through some very interesting times.