Mortgage Rate Projections 2024 Canada. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate. The predictions for both fixed and variable mortgage rates in the rest of 2024 and 2025 hinge on the bank of canada’s (boc) upcoming decisions:

Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. With lower spending comes a slowing economy, lower inflation, and lower mortgage interest rates.