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Canadian Home Prices Hold Steady. How Trump’s Tariffs Could Affect Recovery - National

CANADA, JUL 15 – Royal LePage lowered its home price growth outlook as Canadian home sales rose 2.8% in June amid delayed market activity and cautious buyer behavior, CREA reported.

  • Home prices in Canada were steady in June, with a national home sales increase of 2.8 percent, according to the Canadian Real Estate Association .
  • CREA anticipates that housing activity may pick up later this summer as buyers return to the market, according to their forecasts.
  • Donald Trump threatened a 35 percent tariff on Canadian products, which could negatively impact the recovery of Canada's real estate market, as noted by experts.
  • The average home price in Canada was $691,643 in June, down 1.3 percent from last year but up from May.
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The Record broke the news in Waterloo, Canada on Tuesday, July 15, 2025.
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