Projected Mortgage Rates 2024 Canada
The most optimistic estimate is a drop of 1.5. The bank of canada’s 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.
The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june. While the bank of canada expects that at least 8 in 10 mortgage holders will face a “relatively large” mortgage payment increase by the end of 2025, expected.
Projected Mortgage Rates 2024 Canada Images References :
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