Mortgage Rate Forecast (June 2024)

To view the full interactive BCREA Housing Forecast, click here.
Download the full report (PDF)


  • Despite the Bank of Canada lowering its policy rate, fixed mortgage rates may not drop significantly as markets have already priced in the expected rate cuts.

  • Canada faces a weak economic outlook and a softening labour market, but growth is expected to pick-up in 2025.

After the Bank's rate cut in June, what comes next? 

For more information, please contact: Gino Pezzani.


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