Will Home Interest Rates Go Down In 2025 Canada. Rates above 3.25% are deemed restrictive, intended to dampen economic activity and rein in inflation. This is much earlier than we were anticipating because the fast pace of rate cuts is cancelling the effect of past.
The market consensus on the mortgage interest rate forecast in canada is for the central bank to cut rates by 0.50% december 2024 meeting. The bank of canada has already reduced interest rates twice this yearโboth in june and julyโeach by a quarter point.
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