U.S. President Donald Trump has reiterated his plan to impose sweeping 25% tariffs on Canadian and Mexican imports, setting a firm deadline of March 4. While both countries have worked to avoid these measures—Canada securing a last-minute pause alongside Mexico—the threat remains, with Trump calling it a response to years of "abuse."
These tariffs, particularly on steel, aluminum, and possibly automobiles and pharmaceuticals, could have significant economic consequences. Trade tensions often contribute to market volatility, which in turn affects mortgage rates. If tariffs lead to inflation or economic slowdown, central banks may adjust interest rates in response. For Canadian homeowners, this could mean higher borrowing costs, impacting mortgage affordability and refinancing options.
At Lendworth, we understand how global economic shifts create uncertainty for homeowners. Whether interest rates rise or market conditions change, we offer flexible mortgage solutions that help borrowers navigate unpredictable times. With our quick approval process, competitive private mortgage rates, and equity-based lending approach, Lendworth provides stability when traditional lending becomes uncertain.
As economic events unfold, homeowners looking to refinance or secure financing should consider their options carefully. Whether you need a short-term bridge loan, refinancing at competitive rates, or guidance on the best mortgage strategy, Lendworth is here to help. Our expertise in private and institutional lending ensures that even in volatile markets, you have access to the financing you need.
In times of economic uncertainty, preparation is key. If you're concerned about how potential interest rate changes may affect your mortgage, reach out to Lendworth today to discuss your options and secure financial peace of mind.