Real Estate
Stressed and Sidelined Homebuyers Start to Strain Canada Economy
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This spring was widely expected to be when the Canadian housing market finally perked up after nearly three years of weak sales. But then came US President Donald Trump’s tariff demands.
Canadian housing markets tanked in March as the trade battles heated up. Nationwide, sales slumped about 9.3% from a year earlier, the lowest for the month since 2009, according to the Canadian Real Estate Association. Transactions plunged nearly 17% in Calgary and 24% in the Toronto area. And in Vancouver, sales tumbled 13%.