Rate Cuts 2024 Canada Ontario. With gdp contracting and the jobless rate ticking higher, economists who watch the central bank expect the bank will start to cut its rate sometime in 2024. Forecasters are expecting rate cuts from the bank of canada in 2024, but there are risks to the inflation outlook that could put that timeline in jeopardy.

Compare mortgage rates from lenders across canada. This innisfil house was bought in 2022 for $250k over asking at $1.55m.