Summary of Governing Council deliberations: Fixed announcement date of September 2, 2026

Our take: The BoC is locking in a decision date for September 2026, signalling a return to predictability after months of emergency-style policy shifts—this matters because investors need stable rate assumptions to underwrite multifamily deals, and a fixed calendar beats guessing when the next cut or hold lands.

In your underwriting: Lenders will likely tighten debt service coverage ratio buffers or widen rate-stress assumptions once the fixed announcement schedule confirms, forcing sponsors to model DSCR at higher stress rates or accept tighter leverage ratios on new acquisitions.