Canadian Mortgage Rate Predictions 2024. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. The rent index was up 8.5 per cent in july compared with the same month in 2023, down compared.

There’s light at the end of the tunnel for those who have a landlord, rather than a mortgage, too. More canadians face payment stress as consumption demand grows.