Interest rates expected to fall to 3.00% by end of 2024

The article from Canadian Mortgage Trends discusses the anticipated trajectory of interest rates in Canada over the next few years. According to the latest predictions, interest rates are expected to decline further and reach 3.00% by the end of 2024. The projection is based on various factors such as inflation, economic growth, and monetary policy decisions by the Bank of Canada. The article highlights the potential impact of lower interest rates on mortgage rates, affordability, and the housing market. It also emphasizes the importance of monitoring economic indicators and central bank actions to gauge the accuracy of these predictions. Overall, the article suggests a potential decrease in borrowing costs for consumers and businesses in the coming years.