2024 Mortgage Rate Forecast Canada. Read about the path of interest rates over the coming years and use wowa’s mortgage rate forecast to minimize your mortgage interest payment. The bank of canada lowered its policy overnight rate from 4.75% to 4.50% on july 24th,.

Forecasts from most of the big 6 banks see the overnight target rate falling back to at least 4.00% by the end of 2024 from its current rate of 5.00%. What is the mortgage rate forecast for canada in 2024?