Mortgage Rate Predictions 2024 Canada. The big 6 banks all agree that we may see rates come down this year by as much as 75 to 100 basis points. Currently, you can find a fixed rate in the high 4s for 5 years.
Toronto’s resale activity saw a modest 3.3% increase from august to september, but this was overshadowed by the surge in new listings, which were three times higher than the number of homes sold. Frank mortgage’s view on 2024 mortgage rate predictions.