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.
A shifting Toronto real estate market saw suburban office space achieve its first annual net absorption gain since 2019, while downtown vacancy rates climbed despite stable rents, according to recent reports.
Rents in Canada continue to decline, marking the fourth straight month of decreases and the lowest national average in 18 months, according to the latest National Rent Report from Rentals.ca and Urbanation.
The Toronto Regional Real Estate Board’s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA) over the course of the year.
Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook is clouded by the threat of widespread tariffs from the U.S.
Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.
Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh concerns over economic uncertainty and global trade tensions.