BCREA Mortgage Rate Forecast for June 2024

To view the full interactive BCREA Housing Forecast, click here.
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  • Despite the Bank of Canada lowering its policy rate, fixed mortgage rates may not drop significantly as markets have already priced in the expected rate cuts.
  • Canada faces a weak economic outlook and a softening labour market, but growth is expected to pick-up in 2025.
  • After the Bank’s rate cut in June, what comes next?

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