Mortgage Interest Rates Forecast 2024 Canada. On july 24th, the bank of canada announced a rate cut, bringing the interest rate to 4.50%. Inflation is the primary factor influencing the.

The canadian market entered 2024 with high expectations for multiple bank of canada interest cuts, starting as early as march or april. Nationwide building society has trimmed the cost of its fixed rate mortgage deals by up to 0.2 percentage points,.