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Canadian Home Prices Hold Steady. How Trump’s Tariffs Could Affect Recovery - National
CANADA, JUL 15 – National home sales increased 2.8% in June while average prices remained steady at $691,643, reflecting cautious buyer activity amid ongoing market uncertainties, CREA reported.
- Canadian home prices held steady in June 2025 as national sales rose 2.8 percent, led by a recovery in the Greater Toronto Area.
- This recovery followed a spring slowed by economic uncertainty and President Trump’s threat of a 35 percent tariff on Canadian goods.
- Sales increased notably year-over-year in northern Ontario, with Sault Ste. Marie up 4.9 percent and Sudbury up 7.4 percent, while Ontario home prices stabilized after months of decline.
- Shaun Cathcart, an economist with CREA, noted that June's housing market closely resembled May's, featuring steady prices and approximately a 3% rise in sales, while also warning that ongoing tariff threats continue to create uncertainty.
- Experts predict delayed housing activity may resume through summer and fall barring further shocks, though ongoing tariff uncertainty risks causing buyer hesitation.
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14 Articles
14 Articles
Coverage Details
Total News Sources14
Leaning Left5Leaning Right1Center0Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
R 17%
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