Category: Blogs,Mortgage Tips & Advice

How Trump’s Trade War Impacts Your Mortgage

I’m not a political person, and I imagine you aren’t either. But in today’s world, we don’t get a choice—global politics now directly impact our wallets, our homes, and our financial well-being. We’re all mini-economists now, whether we like it or not.

Trump’s Trade War Begins – What It Means for You

The U.S. has officially imposed tariffs of 25% on Canadian and Mexican goods, plus an additional 10% on Canadian energy and goods from China. 

How This Affects Your Mortgage

🏠 Fixed Mortgage Rates Could Drop – The Canadian 5-year bond yield has fallen to 2.51%, its lowest level in nearly three years. If this trend continues, fixed mortgage rates could decrease.

➡️ How much could you save by locking in a lower rate now? Let’s find out.

🏦 Bank of Canada Expected to Cut Rates – The BoC is now expected to lower its policy rate to 2.75% in March, with further cuts potentially bringing it down to 2.0% next year.

➡️ Will these lower rates make homeownership or refinancing more affordable for you?

⚠️ Inflation vs. Rate Cuts – A Balancing Act – Lower rates help borrowers, but tariffs drive up costs, increasing inflation risk. If inflation rises too fast, the BoC may pause or even reverse rate cuts to keep prices stable. These are uncertain and unpredictable times.

➡️ Should you act now or wait? Let’s build a strategy that protects you no matter what happens.

Payment Hierarchy & Debt  

Did you know? Most Canadians will miss a credit card or utility payment before they miss a mortgage payment. BUT… once you start missing payments, your mortgage options shrink fast.

Time is critical. If you’re struggling, reach out BEFORE you miss a payment. Once you do, options become more expensive and harder to secure. Let’s talk before it gets there.

Ontario & BC will feel the hardest mortgage renewal shocks. With the highest mortgage values in the country, homeowners here need a plan NOW. Proactive planning is not just important—it’s crucial.

What You Should Do Now

🔹 Buying or Refinancing? – Lock in a rate before markets shift. Don’t wait and regret it later.

🔹 Renewing Soon? – Rates are moving. Secure a lower rate now—if rates drop, we can adjust. If they rise, you’ll be protected. Smart moves win.

🔹 Feeling Uncertain? – These are unpredictable times. Let’s build a strategy that gives you confidence, clarity, and control.

📞 Let’s review your mortgage solutions—it just makes “cents”!

Talk soon,

Ana

Mortgages can be complicated; we are here to help you make “cents” of it.

We focus on Mortgage Solutions, Period!

To learn more connect with Ana Cruz 905.870.0513 or email at ana@askanacruz.ca