Mortgage Rates Canada Predictions 2024. Predictions from the experts at canada’s big banks suggest that interest rates could gradually decrease at the next rate announcements. (updated october 2024) the mortgage rate forecast for canada is for rate decreases to continue this year.

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 interest rate cuts in the years ahead should help ease that. What will mortgage rates be in canada in 2024?