Monday
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A new 25% tariff on Canadian imports has raised alarms in the housing market. Buyers and sellers, especially in East Toronto, now face rising costs and uncertainty amid shifting trends.
Sources
Canadian, Housing, Market
To recap week of Jan 27 – Feb 2, 2025
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Canadian housing faces challenging times as new tariffs drive up costs and uncertainty. Buyers and builders in East Toronto struggle with rising expenses, while winter deepens a drop in home sales and builder confidence. Caution marks the market amid escalating pressures on construction materials.
Wednesday
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Builder sentiment hit its lowest level since early 2021, with both multi- and single-family sectors facing a decline in home sales. Winter's chill deepens challenges in Canada's housing market.
Sources
Friday
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New tariffs on Canadian, Chinese, and Mexican goods point to potential disruptions in housing market supply chains, prompting caution among industry players.
Sources
Saturday
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Homebuilders are asking for tariff breaks on imported Canadian and Mexican building materials to lower construction costs. The move may ease pressures in an already tight housing market.
Sources
Sunday
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Tariffs on Canadian wood are pushing up housing costs, straining both markets. Rising material prices are adding pressure and destabilizing the housing sector.
Sources