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Canada's Housing Market Steady Amid U.S. Tariff Threats

7/16/2025

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Summary

Story summary

Canada's housing market showed resilience in June, with home prices holding steady and national sales climbing by 2.8%. Yet, looming U.S. tariffs proposed by President Trump cast a shadow over potential recovery. The average home price dipped to $691,643, a 1.3% decrease from last year, but CREA predicts a surge in buyer activity as summer unfolds.

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Story summary

Canada's housing market showed resilience in June, with home prices holding steady and national sales climbing by 2.8%. Yet, looming U.S. tariffs proposed by President Trump cast a shadow over potential recovery. The average home price dipped to $691,643, a 1.3% decrease from last year, but CREA predicts a surge in buyer activity as summer unfolds.