Mortgage Rates 2024 Canada. To find the best mortgage rates in canada in 2024, use our rate table to compare the lowest mortgage rates currently offered by canada’s big banks and top mortgage lenders. The market consensus on the mortgage interest rate forecast in canada is for the central bank to cut rates by 0.25% from 4.25% to 4% at their october 2024 meeting.
High rates impact new homebuyers entering the market and existing homeowners looking to renew their mortgages. Armed with data and guided by economic indicators, let’s delve into what the numbers.