Buying a house during a recession may be a good idea if your job seems secure because the Bank of Canada often lowers interest rates during a recession.

Question

Quizplus · Accepted Answer

During a recession, the Bank of Canada often lowers interest rates to stimulate economic growth. This can make it more affordable to buy a house, as the cost of borrowing money is reduced. However, it is important to ensure that your job is secure before taking on such a large financial commitment, as job losses are also common during a recession.

Buying a House During a Recession May Be a Good