Mortgage Rates 2024 Forecast Canada. If your mortgage is renewing in 2024, prepare to renew at higher rates. The bank of canada (boc) has been raising interest rates to.

Cibc is predicting that the bank of canada (boc) could introduce jumbo rate cuts as early as december, potentially slashing interest rates by 50 basis points at a. The canadian market entered 2024 with high expectations for multiple bank of canada interest cuts, starting as early as march or april.