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

Steve Huebl
Publication date:
April 28, 2023
Article Summary: 

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.


Interest rates, Expected to fall, 3.00% by end of 2024
Canada, Predictions, Inflation, Economic growth, Monetary policy
Bank of Canada, Mortgage rates, Affordability
Housing market, Borrowing costs, Consumers, Businesses

Source Citation: 
Steve Huebl
Interest rates expected to fall to 3.00% by end of 2024
April 28, 2023
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