The biggest risk to Canada’s economic health is the United States plunging over the so-called "fiscal cliff," which would drag Canada close to a recession, Bank of Canada Governor Mark Carney warns.
May be you are lucky, a lot of people get laid off in 2008/09. Just make sure you are not working in construction, finance or retail, if you lose you job because of the crash I am going to laugh. :-)
Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans ticked up to 3.34%, from last week's 3.32%. Two weeks ago, the rate dipped to 3.31%, lowest on records dating to 1971.
The average rate on 15-year fixed mortgages rose to 2.67% from 2.64% last week. The rate declined to 2.63% two weeks ago, also a record low.
Mortgage rates have been near record lows all year. That has helped fuel a modest housing recovery.
Sales of newly built and previously occupied homes are up from a year ago. Builders are more confident in the market and are responding by starting construction on more homes.