Mortgage Rates Prediction 2024 Canada. Canada's mortgage rates will begin a sharp drop starting in 2024, but it will depend on bank of canada pulling the trigger on interest rates. 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.
The total reduction could range from 1% to. A real estate bottoming could propel lowe’s stock to new highs lower interest rates also come with lower mortgage rates, which could trigger more real estate demand as.