Mortgage Interest Rates Forecast 2024 Canada. Us inflation has fallen, making a rate cut from bank of canada even likelier. As for the mortgage rate forecast, as of now, the variable rate is expected to gradually fall from 6.6% in the first quarter of 2024 to 6.45% in the second quarter of 2024.
The bank of canadaโs benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market. On june 5th, the bank of canada announced a rate cut, bringing the interest rate to 4.75%.
Following Another Quiet Spring And Increased Levels Of Supply, The Canadian Real Estate Association (Crea) Has Scaled Back Its Housing Market Forecast For 2024.
Predictions from the experts at canadaโs big banks suggest that interest rates could gradually decrease starting in q2 of 2024.
What Is The Mortgage Interest Rate Forecast For 2024 In Canada?
Us inflation has fallen, making a rate cut from bank of canada even likelier.