2024 Mortgage Rate Forecast Canada

2024 Mortgage Rate Forecast Canada.  — are mortgage rates going to drop in 2024?  — in its most recent rate announcement on july 24, 2024, the bank of canada (boc) cut its key interest rate by another 25 basis points to 4.50%, its second.

Canadian interest rate forecast to 2026. As of august 2, the market consensus on the mortgage rate forecast in canada is for the central bank to cut the prime rate by 0.25% at its september 24, 2024 meeting.