Canadian dollar starting to climb. The Loonie’s worst days may be over as the price of oil continues to rise, albeit slowly. A new outlook on crude supply from the U.S. shows the glut will ease in 2016. The lower dollar value, now trading at around 77 cents U.S., has been a bit of a boon for the manufacturing sector. Sales climbed 1.7% to $52.2 billion from June to September, according to Statistics Canada. Economists forecast an increase of 1.1%.

Takeaway: The economy is slowly getting back to normal and the lower Loonie is helping. This is positive news and we should see increased economic activity over the next two years.

Bond yields on the rise. Five-year Government of Canada bond yields have risen slightly in the past week. This means that the economy is starting to see some signs of life. A few lenders have already raised their fixed rates but they are still relatively low in the 2.59% to 2.69% range.

Takeaway: Bond yields have been somewhat unpredictable lately but if you have anyone interested in a fixed rate, then get them pre-approved.

Housing prices continue to rise. The year-over-year rise in the price of Canada’s housing in the second quarter of 2015 is one of the highest in the developed world, largely because of low interest rates. The low Canadian dollar is increasing foreign demand for Canadian real estate, especially luxury real estate. Foreign investors see Canada and our real estate as a relatively safe haven.

Takeaway: Hard to say what will happen and as we have seen it’s been difficult to predict the market. The best we can hope for is a return to a roaring economy.

OPINION: Clearly world economies have changed. On the home front, it’s not likely that Canada Mortgage Rates will skyrocket in the next few years, given what’s happening in the world; it is more likely they may start to increase slightly. The housing market looks good going into the spring of 2016.