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https://dailyhive.com/vancouver/canada-mortgage-rate-forecast-2023?__vfz=medium%3Dsharebar
“Given weakening economic growth, falling gasoline and other commodity prices, and fading effects from pandemic driven supply chain problems, we could see a significant downward trajectory for inflation in 2023, which would provide the Bank with the necessary support to begin lowering its policy rate.”

Canada's average variable mortgage rate expected to peak at 6.35% | Urbanized The average Canadian variable mortgage rate is expected to further rise to 6.35% in the first half of 2023, according to BCREA.

Bank of Canada's recent rate hike may force homebuyers to prove they can pay mortgages with interest rates above 8%.

Mortgage-Qualifying Rate in Canada May Top 8% After Latest Central Bank Hike The Bank of Canada’s most recent rate hike may force homebuyers to prove they can pay mortgages with interest rates above 8%, another headwind for the country’s cooling housing market.