Tariffs are putting a damper on the real estate ambitions of some British Columbians, with a quarter of B.C. homebuyers saying tariffs have impacted their borrowing capacity, according to one survey.
Toronto-Dominion Bank (TSX:TD) said 24 per cent of current and prospective mortgagors are being squeezed by tariffs, with the national rate even higher at 31 per cent, according to a May survey commissioned by the bank and released Aug. 20.
“Where it’s playing a role for consumers is really the role of uncertainty, whether that be uncertainty around individuals’ own jobs, or whether that be uncertainty around everyday costs and budgeting, groceries, gas,” said Steve Ng, a Vancouver-based mobile mortgage specialist district manager with TD.
Tariffs are also contributing to unpredictability a