Projected Mortgage Rates 2024 Canada

Projected Mortgage Rates 2024 Canada. Canadians work hard to be able to afford a home. Our modelling suggests that in 2023, higher interest rates decreased housing starts by about 30,000 units (roughly 10 to 15 per cent) in canada.

However, the reality can be less rosy. While the bank of canada expects that at least 8 in 10 mortgage holders will face a “relatively large” mortgage payment increase by the end of 2025, expected interest rate cuts in the years ahead.