The experts’ tea leaves suggest that the next move in Canadian mortgage rates will be down.
Says Scotiabank: “Our view is that interest rates are going to continue to move lower, probably half a percentage point, potentially even more, between now and the third quarter or year-end, when they bottom.” (Aron Gampel, deputy chief economist, Scotiabank)
Says CIBC: “We see…the potential of actually lower short-term rates.” “Longer term, we believe interest rates will remain relatively low and the next peak will be lower than the previous peak.” (Benjamin Tal, senior economist, CIBC)
Source: National Post