Buying a house during a recession may be a good idea if your job is secure because the Bank of Canada often
A)raises interest rates during recessions.
B)lowers interest rates during recessions.
C)lowers income taxes during recessions.
D)sells Canada bonds to help the housing market.
E)housing prices often rise during recessions.

Question

Quizplus · Accepted Answer

During recessions, the Bank of Canada often lowers interest rates to stimulate the economy by encouraging borrowing and spending. This can lead to lower mortgage rates for home buyers, making it a good time to purchase a house if your job is secure.

Buying a House During a Recession May Be a Good