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Bank of Canada Holds Prime Rate at 2.25% - What This Means for Your Mortgage By Matt - The Welcome Matt | January 28, 2026 Today, the Bank of Canada announced they're holding the prime rate steady at 2.25%. If you're shopping for a mortgage in the Fraser Valley or already have one, you might be wondering: "Does this affect me?" The answer depends entirely on which type of mortgage you have—and understanding the difference could save you thousands of dollars. Let me break this