Mortgage Rate Projections 2024 Canada. By mid 2024, it’s predicted that interest rates will be cut by 2%, bringing the rate to around 3.00%. As of may 4, 2024, the rate sits at 5.00%, with the.

By mid 2024, it’s predicted that interest rates will be cut by 2%, bringing the rate to around 3.00%. The market consensus on the mortgage interest rate forecast in canada is for the central bank to cut rates by 0.25% from 4.50% to 4.25% at their september 2024 meeting.