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Today: 17.01.2018 - 14:45:51
   Canada Mortgage Hub Discussion Board -> Mortgage Winnipeg -> How is Canada's current economy and how does it compare to USA's?
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plumbing

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How is Canada's current economy and how does it compare to USA's?
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Canadian interest rate forecast
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rafael2000

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Canada has gained back all the job loss from the recession. Also they did not de-regulated.No, no one is losing their job.The number of Canadian going bankrupt because of healthcare = ZERO.The number of Americans going bankrupt because of healthcare = over one million.So they are in a lot better shape.
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nickz14

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It's quite a complicated issue...but to boil it down, Canada's economy is better than the USA's right now. Due to our much smaller population, Canada tends to avoid borrowing as much as the USA and we also run with a smaller deficit so when the you-know-what hits the fan, we're better insulated against economic crashes.Prices are still about the same as they were before because prices are set at what a product is purchased at, not what it COULD be purchased at. It tends to annoy us Canadians who have to pay more for things (ex. a book is $7.99 US and $12.99 Canadian and we have to pay the Canadian price) when our dollar is close to, on par with or worth more than the US dollar (but we can always purchase online...).There IS a bit of an economic slump in Canada (our closest, largest neighbor for trade/vacations etc is the USA after all) but for the most part jobs are available and and people aren't losing their homes. However, it is getting a lot more difficult to purchase homes because the banks are no longer letting people mortgage for more than 30 years and no more 'no down payment' mortgages either.I don't think that the USA is finished, but obviously there is a pretty big economic problem that needs to be addressed. Just how that will be done is way above my pay grade (so to speak).
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Best canadian mortgage rate
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