Mortgage Rates Going Down 2024 Canada

Mortgage Rates Going Down 2024 Canada. Rates on some fixed mortgages have dropped by a full percentage point in the past few months, opening up an opportunity for canadians eyeing the spring. 4:36 bank of canada cuts interest rate to 4.25%.

That sort of interest rate shock will affect an estimated 2.2 million homeowners — representing 45 per cent of all outstanding mortgages in canada — in. Armed with data and guided by economic indicators, let’s delve into what the numbers suggest about the future of interest.