Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war? + MORE Apr 15th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Rising expenses driving Canadians to offload U.S. real estate + MORE Sep 19th

While politics play a role, brokers say rising costs, currency pressures and mortgage realities are the real forces driving Canadians to sell U.S. property — with many looking to reinvest at home..... More »
 mortgage buyout

An inside look at how your loans — and spending — affect your credit score Apr 6th

Having a variety of loans could help strengthen your credit score — or harm it, depending on your spending and payment history. But a credit card, car loan and mortgage work differently, making it hard to know how to improve your number..... More »

How to find room to save in 2026—even with tight budgets Jan 11th

Saving more in 2026 is a common new year’s resolution, but with budgets tight and inflation driving the cost of groceries and everyday necessities higher, it’s easier said than done. Financial planning experts say it takes a careful review of where you’re spending to find ways to s.... More »
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U.S. mortgage rates dip slightly, sending 30-year loans to 6.23% + MORE Nov 30th

Mortgage rates fell after three weeks of increases, giving prospective buyers some relief from price pressures. .... More »
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B.C. home sales struggle in May as mortgage rates rise and labour market stays weak + MORE Jun 14th

Rising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland. .... More »
Young Canadians shed mortgage debt as older homeowners borrow moreCanadian homeowners experienced a shift in borrowing behaviour last year, with younger households reducing their mortgage balances while older age groups took on more debt.

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Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war?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…

Continue Reading On canadamortgagenews.ca »

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