Will Mortgage Rates Go Down In 2024 Ontario. The bank will hold the target for the overnight rate at 5% for the first half of 2024 and will start making cuts in the second half of the year. Average home prices in ontario.

Thus, the current policy rate is significantly. “we expect 100 basis point cuts in canada in the second half of the year, which would take us to 4% at the end of [2024],” hogue says.