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Canada's Housing Market Struggles Amid Economic Uncertainty

1/29/2026

Summary

Story summary

Canada’s housing market faces downward pressure from economic uncertainty and potential job losses, despite the Bank of Canada holding rates.
Victor Tran of Rates.ca notes rising mortgage renewals as homeowners seek competitive rates.
Prime Minister Mark Carney said Canada will not pursue a free trade agreement with China amid U.S. tariff threats.
The auto sector’s immediate impact is limited because most vehicles are North American-sourced, and tariffs could raise costs.

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Story summary

Canada’s housing market faces downward pressure from economic uncertainty and potential job losses, despite the Bank of Canada holding rates.
Victor Tran of Rates.ca notes rising mortgage renewals as homeowners seek competitive rates.
Prime Minister Mark Carney said Canada will not pursue a free trade agreement with China amid U.S. tariff threats.
The auto sector’s immediate impact is limited because most vehicles are North American-sourced, and tariffs could raise costs.