2024 Mortgage Rate Forecast Canada. The bank will hold the target for the overnight rate at 5% for the first half of 2024 and will start making cuts in the second half of the year. Bond yields, which lead fixed.


2024 Mortgage Rate Forecast Canada

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%. If canada matches, we would be in the high 5s low 6s for prime rate by the end of the year.

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