Flory Jilleen

Current Mortgage Rates Canada 2024 Calendar

The bank of canada today reduced its target for the overnight rate to 4½%, with the bank rate at 4¾% and the deposit rate at 4½%. According to bank of canada projections, rates won't start to decline until early 2024 when inflation has subsided sufficiently.

Prime is currently at 7.2%. 3 year and 5 year mortgage rates forecast in tables by day and month.