Will Mortgage Interest Rates Drop In 2024 Canada. The last decade has seen home price increases in major urban centers,. The deposit rate is the rate of interest paid by the boc to commercial banks, while the bank rate is the rate of interest charged by the boc to commercial banks.

The main factor behind sluggish activity, says crea, is that home buyers are waiting for interest rates to drop. As some canadian lenders expect central banks, such as the bank of canada, to lower influential interest rates in 2024, borrowers can expect a late.