How TRUMP TARIFFS will Affect Canadian Mortgage Renewals in 2025

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With Trump tariffs on on the horizon, it could spell disaster for the Canadian housing market and in Canada and could drastically change our housing market. With over 1 million Canadian mortgage renewals coming in 2025, you need to know how his will affect you and what you can do about it.

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This trade war has to be one of the dumbest in history. Prices are already out of control, and now with these tariffs, everyday essentials are just going to get more expensive. It feels like regular people are paying the price for political games.

CoretteLécuyer
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Sellers: Can't sell, no one is buying..buyers can't afford or waiting for a 'crash crash'

fasteddy-fdkr
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It’s crazy how these tariffs on imports can ripple into other areas. I never thought trade policies between the US and China would affect our mortgage rates here in Canada, but it seems like everything's connected

DianaTownsend-kjkj
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Last year my mortgage renewed from 3.49% to 6.79% which increased my morgage an additional $1200/month! Im a single person taking care of my mom. I sat down and cut out as much frivolous spending that i could because i did not want to extend my mortgage timeline and im glad i didnt.
Luckily i only signed a 1yr renewal and now that its coming due again, my rate will go down to 4.99% for 3yrs which reduces my mortgage by $670/month. Ill take it

Ladyinred
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Sold from BC after 30 years on vancouver Island, perfect return on investment and moved outside Calgary no mortgage required.

jeanrobertplante
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If you are in Toronto don’t forget to factor the crazy Olivia Chao property taxes

NestorC-zl
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I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

CalebMartinU
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Sold 3 years ago & moved out of the country
No mortgage, no heating bill, next to no taxes, no child like politicians etc
I mean what’s the purpose of being a debt slave?

Tom-eim
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yes a $400, 000 mortgage @2% has a monthly payment of about $1, 700 per month over a 5 year renewal, but renewing your 5 year old mortgage now has a $336, 000 value to it. Your new mortgage even at 5% over the next 20 years left would be $2, 200. not good, but if you cannot afford that $500 a month premium, see if you can extend the amortization back to 25 years. Payments go down to $1, 964 per month . better than losing the house

Douglassbeck
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Most people only make $30hr after tax is like $800 a week one income loss we'll devastate a household

Southwesterncannabis
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Canada's mortgage sucks - having to renew every five years.

Schopenhauer-will
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For workers and normal household that cannot afford buying a property will hope for dropping of rent prices. Unemployment rates are rising, we hope most families can sustain onward in this hard time.

kalailam
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My renewal is coming up in June, honestly any rate cuts good news for us!

alexhakimi
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DevynTristan
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Yes, moving moving far away from Canada because nobody can live here

patriciaosuch
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Wait a minute, don’t blame trump. It’s Trudeau. Wake up

moneek
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Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

kortyEdna
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Real estate is not an investment

The house you live in is not an investment. Returns are no longer there. It’s all liability

Shits getting shaken up. It’s high time for a correction. Price to wage ratio needs a reset.

chunter
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Some households are renting part of their homes like spare bedrooms or basement while still living in their homes. So there are other options. And lower interest rates will make it easier to pay for your mortgage as they will have to lower them by as much as 3% from present levels if the tariffs are imposed.

jaydee
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In. Ontario
Immigrant own multiple houses n
Taxpayers live in tents !!

Laura-heds
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