We understand that the recent fear and volatility caused by Trump’s latest antics—particularly his tariffs on Canada—have left many of you feeling uneasy. If history has taught us anything, however, it’s that we’ve seen this before. This is Trump 2.0—a bad movie we’re being forced to replay, but one where we already know much of the plot. This is a global spectacle meant to flex power for his constituents, much like a big child seeking approval from a parent, only to be talked down by his Advisors who will inevitably run damage control on the world stage. The result? Trump will claim this is the greatest thing to happen to the United States, that he is the absolute best, and that his trade wars are necessary. None of this is new. The difference now? His bullying is hitting closer to home.

So, what does this mean for us as Canadians, as homeowners, retirees, and investors? Let’s break it down.

Homeowners & First-Time Buyers:

If you own a home, are considering buying one, or have a mortgage, you’re likely wondering how these tariffs will impact you. I look at this in two ways:

1) How it affects your home’s value and any future buying/selling decisions.
2) How it affects your mortgage itself.

If you’re already a homeowner and have no plans to move, it’s a moot point—regardless of any short-term economic turmoil caused by the big baby in the south, you’ll still own your home. However, if you’re considering downsizing or retiring, there are opportunities. With rates dropping, real estate markets have been more active. A strategic approach can help you secure a strong value for your home now. With many Canadian mortgages maturing in the latter part of 2025, it’s worth discussing your options with your Financial and Real Estate Advisors to gain clarity. While there’s no crystal ball, there is still a lot of value to be found in 2025. Keeping your finger on the pulse of the market will help you lock in value when the time is right.

While we expect increasing inventory, lower rates mean higher competition.

For first-time homebuyers, this is a critical moment to be strategic. With lower rates and rising inventory, there are opportunities to enter the market, but competition is also increasing. The key is to have a plan—understand your budget, explore different financing options, and work with professionals who can guide you through the process. While headlines may seem overwhelming, homeownership remains one of the best long-term investments you can make. If you’re considering taking the leap into the market, now is the time to start planning and positioning yourself for success.

Now, the big question: How does this affect your mortgage? If you’re in a fixed-rate plan with two or more years remaining, the answer is simple—it doesn’t. But if you have a variable-rate mortgage or your renewal is approaching, strategy is everything. This isn’t just another “sign the page and forget about it” situation. If you don’t have someone actively and strategically advising you, it will cost you.

With a slowing Canadian economy, the Bank of Canada will work to stimulate growth. What tools do they have in their toolbox to do this? They’ll lower the overnight rate, leading banks to drop their prime rate, ultimately reducing variable mortgage rates. On the fixed-rate side, these rates rely on bond yields. When consumer confidence is low, bond yields tend to drop, bringing fixed mortgage rates down as well. With these shifts expected, having an Advisor in your corner to navigate this landscape is essential.

Investments & Savings:

Anyone with investments is naturally nervous watching the news. But remember this: news outlets profit from viewership, and fear sells.

For years, we’ve maintained a lower exposure to Canadian investments, and that strategy remains intact. But here’s what’s important to remember—your goals and timeline should not change because of politics, and neither should your financial strategy. If you’re in actively managed investments that are well-diversified, rest assured that any necessary changes or opportunities are being handled. If you’re in passive index funds, you’re prepared to ride the market’s ups and downs. If you’re not comfortable with this, speak to an Advisor.

The portfolios we manage contain strong household names—blue-chip investments that pay dividends and will stand firm years from now as they do today. Tariffs don’t change that. For companies affected long-term, portfolio managers have already taken steps to protect your hard-earned savings. If you’re unsure about any part of your financial strategy, now is the time to talk to an Advisor. That’s what we’re here for.

This is not the first, nor will it be the last time we face trade wars, geopolitical turmoil, economic downturns, or fear. I started my career in investment management during the 2008 downturn and have witnessed many ups and downs since. The one consistent factor? Long-term, disciplined investing has always prevailed. And while history doesn’t repeat itself, it often rhymes.

Retirees:

If you’re retired (or soon to be), uncertainty is never ideal. Hard to imagine relaxing on a Florida beach with all this noise, right? But much like the strategies above, it all comes down to proper planning.

Do your investments generate consistent, reliable income? If so, you’re okay. If you’re still heavily invested in high-growth assets, make sure that aligns with your personal goals. If it doesn’t, now is the time to meet with an Advisor and plan. If downsizing is part of your retirement strategy, refer to the homeowner’s section above and ensure your nest egg fits into your overall financial plan.

A hot-headed leader pounding his chest on the world stage should not determine the success or failure of your retirement. If it does, it’s time for a serious review of your financial plan—and we’d be happy to help.

What Canada is facing is not ideal, and if we had a choice, we wouldn’t pick this path. But it’s not the end of our economy, it’s not the end of the stock market, and it’s certainly not the end of the Canadian housing market.

Walking blindly through these changes is not the answer, but ensuring your financial plan is strong and your strategy is in place will protect you personally. That’s what we’re here for.

–CHAD HARMER

Have Questions About Your Financial Future? Let’s Talk.

Uncertainty in the market can create opportunities—but only if you have the right strategy. Whether you’re a homeowner, first-time buyer, investor, or retiree, we can help you navigate these changes with confidence.

📅 Book a complimentary consultation now → CLICK HERE

📞 Prefer to chat? Call us at 1.800.723.2138

Take control of your financial future today!