JUNE 2024 HIGHLIGHTS FROM BCREA BC
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?
FULL ARTICLE —–> https://www.bcrea.bc.ca/wp-content/uploads/2024-06-MortgageRateForecast.pdf
