Will Mortgage Rates Go Down In 2024 Ontario. Could mortgage rates increase in canada in 2024? The predictions for both fixed and variable mortgage rates in the rest of 2024 and 2025 hinge on the bank of canada’s (boc) upcoming decisions:
This marks the second consecutive time that the bank of. Much depends on the bank of canada’s benchmark rate—as it drops due to easing inflation, declines in ontario’s mortgage rates could follow.