Home Mortgage Interest Rates 2024 Canada. After cutting the policy interest rate from a high of 5% in june 2023 to. Best current mortgage rates in canada.
To counter increasing inflation, the bank of canada raised the overnight rate to 3.25% and. Between march 2022 and july 2023, canadian home buyers have seen bank of canadaโs (boc) policy interest rate hike at least 10 times, making mortgage interest.