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Someone said you should not invest now because history will repeat itself; the recession in the U.S. is expected to hit Canada really hard, putting us in a recession by the next year. The unemployment rate in the U.S. is at an all-time high, Canada has reported that 50,000 jobs were lost in July alone, the biggest number since February 1991.What does this mean for London? If there is a recession, mortgage rates increase and loans are more difficult to obtain. For people who have over extended, they will start selling assets-typically investment property, then cottage, then home. As a result, … (0 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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