WebMar 1, 2024 · The report comes at a time when Canadian borrowers are facing higher interest rates. The Bank of Canada has hiked its policy rate, which influences the mortgage market, five times since July 2024. The rate is currently 1.75 percent, and the central bank is widely expected to hike it at least once this year. WebJul 11, 2024 · In the high interest rate scenario, both the 10-year Government of Canada bond yield and conventional 5-year fixed mortgage rate rise quickly in mid-2024. At the end of 2024, the 5-year fixed mortgage rate reaches 5.7%. In 2024, bond and mortgage rate declines correspond to policy interest rate normalization and an economic recovery.
Bank of Canada Announcement - April 12, 2024 Innovative …
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Canadian Interest Rate Forecast to 2024 - Mortgage Sandbox
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