Mortgage Rate Cuts 2024 Canada. The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. However, the high cost of mortgage payments is a barrier to homeownership, especially for millennials and gen z.
The bank of canada will not increase rates further and will cut rates by 50 to 100 basis points in the second half of. Bank of canada canada economy fixed mortgage rateds fixed mortgage rates inflation rate cuts.