Bank of Canada Rate Decision October 28: What the MPR Reveals About Your Mortgage Before the Market Reacts

The Bank of Canada has confirmed it will announce its target for the overnight rate on Wednesday, October 28, 2026, at 9:45 AM Eastern Time. This will be accompanied by the quarterly Monetary Policy Report (MPR), the Bank's most comprehensive document on economic outlook, inflation trajectory, and policy rationale. Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers will hold a press conference at 10:30 AM ET to explain the decision. For Greater Vancouver real estate participants, this is not merely a rate announcement—it is the definitive policy signal that will shape mortgage qualification stress tests, variable-rate pricing, and buyer sentiment through the winter market.