Will Interest Rates Go Down In 2024 Canada. Based on current projections, it is highly unlikely that interest rates will go down anytime soon. The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.
Increasing the $1 million price cap for insured mortgages to $1.5 million, effective december 15, 2024, to reflect current housing market realities and help more. The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june.
