Will Canada’s Rates Rise Again in 2027?

There’s growing conversation about where the Bank of Canada’s interest rates might be headed, especially as we look ahead to 2027. With the current rate sitting at 2.25%, some of the country’s major banks are forecasting gradual increases that year. If economic growth continues to strengthen and inflation remains a concern, policy makers may feel more comfortable moving rates higher. What does this mean on the ground? Higher borrowing costs for households and businesses could become a reality, while those with savings or fixed-income investments may see improved returns. For buyers, sellers, and investors alike, it’s important to consider how a changing rate environment could shape your next move. In my work across Greater Vancouver—from North Vancouver to Burnaby and downtown—I keep a close eye on these shifts to help clients make informed decisions in both active and evolving markets.