Summary of Governing Council deliberations: Fixed announcement date of July 15, 2026

Our take: The BoC is signalling forward guidance on policy timing—this matters because mortgage rate trajectories now have a clearer timeline anchor, letting you model debt-service costs with less guesswork through 2026. Lock in your financing assumptions now; rate volatility becomes more predictable.

In your underwriting: DSCR stress testing and mortgage rate assumptions in your pro forma should reflect a defined policy calendar, tightening the range of financing-cost scenarios you need to model rather than assuming open-ended rate uncertainty.