How Trade War & Tariffs Impact Canada's Housing Market | The Mortgage Den

In Episode 7 of The Mortgage Den, Nick Da Silva and Mortgage Agent Brian Greenwood from Northwood Mortgage break down how the ongoing Canada–U.S. trade war and rising tariffs are affecting the Canadian housing market. They explore how tariffs increase costs for consumers and businesses, reduce U.S. demand for Canadian exports, and trigger concerns about job losses and a potential recession in Canada. The episode explains how the 2020 recession led to lower mortgage interest rates, making home ownership more affordable—but with rising inflation in 2024, the Bank of Canada may respond by increasing rates, potentially causing stagflation. Nick and Brian also discuss how stock market volatility is impacting real estate investments, new home construction, and housing affordability. The episode concludes with expert predictions on future interest rate changes, the strength of the Canadian dollar, and how government responses to U.S. tariffs could shape the future of Canada’s real estate market.

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