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The article "Trade war takes toll on Canada’s housing markets" from Real Estate Magazine, published on May 9, 2025, highlights the adverse effects of escalating trade tensions on Canada's real estate sector. According to a recent RBC Economics report by Robert Hogue, there has been a significant decline in resale activity and a softening of home prices across major Canadian markets, with southern Ontario and British Columbia experiencing the most pronounced downturns. These developments are attributed to diminished buyer confidence and broader economic uncertainties stemming from the ongoing trade disputes.

The article underscores that the uncertainty surrounding trade relations, particularly between Canada and the United States, is casting a long shadow over the housing market. Potential buyers are exhibiting caution, leading to decreased demand and downward pressure on prices. This trend is especially evident in regions that had previously seen robust growth, indicating a shift in market dynamics influenced by external economic factors.

In summary, the ongoing trade war is exerting a tangible impact on Canada's housing markets, eroding buyer confidence and contributing to a slowdown in activity. The situation highlights the interconnectedness of global trade policies and domestic economic health, emphasizing the need for resolution to restore stability in the real estate sector.

Read the full article on: REAL ESTATE MAGAZINE