Mortgage Rate Trends 2024 Canada. By the end of november 2023, about 45% of the mortgages taken out before the bank of canada started raising its policy interest rate in march 2022 had seen an increase in. Current mortgage rates from canada’s big six banks.
The group thinks rates could end 2025 at 5.8% and hold steady in 2026. 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.