2024 Mortgage Rates Projections Canada. Increasing the $1 million price cap for insured mortgages to $1.5 million, effective december 15, 2024, to reflect current housing market realities and help more. The bank of canada's policy rate could act as a barometer for the housing market in 2024, with rate cuts potentially bringing home buyers and sellers off the sidelines.

Mortgage rate predictions for 2024 and 2025. Federal reserve not expected to cut rates as much as the bank of canada and your slightly stronger economic growth outlook for the u.s.