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Young Canadians shed mortgage debt as older homeowners borrow more
– canadianmortgagetrends.com
Canadian homeowners experienced a shift in borrowing behaviour last year, with younger households reducing their mortgage balances while older age groups took on more debt.Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war?
– canadamortgagenews.ca
Make no mistake, we are in a war — an economic war. President Donald Trump has threatened, imposed, or temporarily reversed tariffs on just about every country in the world, including Canada.
Canada will now see a 25% tariff on aluminum, steel, Canadian automobiles and non-CUSMA-compliant traded goods.
The U.S. accounts for 75% of all Canada’s exports. As much we want to tough it out, some Canadians will find it tougher than others. Layoffs and job losses have already begun. My office has been contacted by clients asking for help after being laid off.
There’s no point in sugar-coating it: We’re in for a bit of a rough ride. But there are some things you can do to come out of this all right.
Does bad news for the economy mean good news for your mortgage rate?
Negative economic news has been rolling out over the past several weeks, such as inflation increasing to 2.6% in February from 1.9% in January, and the unemployment rate increasing to 6.7% over the same period, leaving another 36,000 people without a job…
