Home prices in Canada are now expected to fall in 2025, as the lingering effects of trade uncertainty, affordability challenges, and weak buyer demand take their toll.
Greater Toronto Area (GTA) new home sales remained historically slow in February, marking the lowest ever February on record, the Building Industry and Land Development Association (BILD) announced today.
Canadian home sales fell sharply from January to February, as home buyers remained on the sidelines in the first full month of the ongoing trade war with the United States.
The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty and the fallout from U.S. trade tensions.
Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming years.
Canada’s top banking regulator is considering a new approach to mortgage risk management that could replace the current stress test with stricter rules on how much banks can lend to high-risk borrowers.
The Bank of Canada is now likely to cut interest rates at each of its next four announcements as the Canadian economy reels from the impact of Donald Trump’s tariffs, according to a new report.
Trudeau says Trump is using the tariffs to destroy the Canadian economy and annex Canada as political leaders and economists weigh in on the growing crisis. As a result, the Bank of Canada is expected to act more aggressively as tariffs take hold.
Homebuyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down compared to the same period last year, while listing inventory remained high, providing substantial negotiating power for homebuyers.
Ontario’s housing market has been characterized by extremes in recent years, and some new data paints perhaps the clearest picture yet of how the market has shifted.
Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the month, likely reflecting uncertainty over the potential for a trade war with the United States.