Home Mortgage Rates Predictions 2024 Canada. 3 year and 5 year mortgage rates forecast in tables by day and month. If canada matches, we would be in the high 5s low 6s for prime rate by the end of the year.
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: Variable rates will be quoted as plus or minus compared to the prime rate.