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Canadian mortgage rates to begin drops starting this spring: forecast

Relief is expected for Canada's borrowers and homebuyers as the Bank of Canada is likely to start lowering its policy interest rate later in 2024. Analysts predict a potential 0.25% cut in June, with a gradual decrease to possibly 2.5% by the end of the cutting cycle. The housing market is showing signs of improvement, with home prices stabilizing in February 2024 after months of decline.

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