BCREA Mortgage Rate Forecast for December 2024

B.C. Real Estate News, Mortgage Information

The BC Real Estate Association published its recent Mortgage Rate Forecast for December 2024. Some of the key points are included below.

Highlights:
* Bond markets searching for clarity on the outlook for growth and inflation as tariffs loom.
* Tariffs on Canadian imports to the US could mean a loss of 1 to 5.5 per cent of real GDP.
* The Bank of Canada might be done with jumbo cuts, but is likely to continue cutting.

To view the full interactive BCREA Mortgage Rate Forecast, click here. Download the full report (PDF)

For the complete news release, including detailed statistics, click here.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.