I'm a contractor and last year my agency said there would be layoffs, which caused quite a scare, but in the end only contractors residing in Canada were affected.
Your tagline on your profile made me laugh.
You might want to reach out to your mortgage provider and see if they can help. Often they will.
Where in Canada are you?
I'm in Toronto. My info is on my profile.
Sell your house. You can't afford it.
Investment shenanigans excluded, if you have enough savings to pay off your mortgage in case you lose your job, there's no point in getting a mortgage in the first place.
You're poisoning the well there, as that is the major reason to get a mortgage even when you have enough cash to buy a house outright. It's not "shenanigans", it almost always makes financial sense to keep your cash invested elsewhere when mortgage rates are low.
Sometimes I wonder how people manage to browse the Web without encountering "common" pieces of wisdom. Maybe we should bundle up a bunch of useful YouTube/TikToks as a supplemental education package for students.
