Trade War Clouds Canada’s Housing Market | Windsor Homes 2025

Trade talks collapsed, and roughly $20B in Canadian exports to the US were hit with ~50% tariffs, reviving uncertainty around Canada's housing outlook.
The renewed tariff fight echoed earlier buyer hesitation, with fresh concerns that purchase activity and consumer confidence could weaken as economic uncertainty returns.
An expert expected the central bank to hold rates on September 2 and through year-end, while rising bond yields threatened added pressure on fixed mortgages.
Even so, Canada avoided recession through the trade turmoil, labour markets had been improving, and second-quarter growth was expected near 3%, giving housing some support.
Canada entered the latest trade fight from a stronger footing, but housing direction still depended on how long economic resilience lasted under new tariffs.