Mortgage Interest Rates Forecast 2024 Canada. On september 4th, the bank of canada announced a rate cut, bringing the interest rate to. Higher mortgage interest, rent costs, and property taxes weigh on household budgets and consumer spending.
On june 5, the bank of canada announced the first rate cut of the year, lowering their target lending rate from 5.0% to 4.75%. What is the mortgage rate forecast for canada in 2024?