- Prior was 239.7
I'm seeing some very troubling signs in the Ontario housing market in particular. Here is a chart from Robert Marsiglio showing that the usual seasonal bump in March sales in the Greater Toronto Area is barely happening.
Separately, a report from CREA showed Canadian home sales volumes falling 9.8% in February.
“The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leading to a significant, but hardly surprising, drop in monthly activity,” said Shaun Cathcart, CREA’s Senior Economist. “This is already being reflected in renewed price softness, particularly in Ontario’s Greater Golden Horseshoe region.”
