Ripple effect of tariffs impact the housing market

Trade war with United States ‘sours’ Canadian homebuyers’ sentiment

The United States volatile trade policy of on-and-off again tariffs on every nation it trades with, including Canada, has dampened sentiment in the Canadian resale housing market, a new report has found. RBC Economics housing market update from mid-April pointed to resales falling 12 per cent since the start of the year ending March 31, while the supply of existing homes on the market continues to climb.

Ripple effect of tariffs impact the housing market

When you factor in a possible additional tax on building materials from Canada and elsewhere, the real estate market is bracing for impact. Even the threat of a tariff can have long-term ramifications.

Housing data reveals hottest Bay Area markets

The Bay Area's residential real estate landscape is shifting, with surprising momentum in unexpected areas and a notable cooldown in traditionally hot markets.

Nearly 53% of Canadians, or 22 million people, fear losing their homes as a result of the trade war, says a new survey. Nearly two thirds of the population (63%) fear that customs duties will harm their ability to pay their mortgage or rent during the year ... This article More than half of Canadians fear losing their homes due to the trade war appeared first on Diplomatic Morocco.

Although it is not yet clear exactly how, representatives of the construction and real estate (RE) sectors have no doubt that the tariffs imposed by US President Donald Trump will affect not only the entire country's economy, which is forecast to enter a recession, but also the housing segment, which has been experiencing a crisis for the past few years.

Ripple effect of tariffs impact the housing market #Canadian #Canada #CanadaEconomy #CanadaLife #CanadaNews

When you factor in a possible additional tax on building materials from Canada and elsewhere, the real estate market is bracing for impact. Even the threat of a tariff can have long-term ramifications.