{"id":22251,"date":"2025-07-25T04:49:10","date_gmt":"2025-07-25T04:49:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/22251\/"},"modified":"2025-07-25T04:49:10","modified_gmt":"2025-07-25T04:49:10","slug":"canadian-home-prices-could-drop-2-from-trump-trade-war-cmhc-says-national","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/22251\/","title":{"rendered":"Canadian home prices could drop 2% from Trump trade war, CMHC says – National"},"content":{"rendered":"

U.S. President Donald Trump<\/a>\u2019s trade war will continue to hit Canada\u2019s housing market, with a recovery in prices unlikely until 2026, a new report from the Canada Mortgage and Housing Corporation said on Thursday.<\/p>\n

\"\"<\/p>\n

\u201cCanada\u2019s housing market will continue to cool in 2025 due to trade tensions, economic uncertainty, slower population growth and increasing unemployment. Home prices<\/a> are expected to fall around 2%,\u201d the CMHC\u2019s summer housing market outlook said.<\/p>\n

The largest drops in home prices will be in Ontario and British Columbia, which are both home to some of Canada\u2019s most expensive housing markets.<\/p>\n

\u201cTrade tensions and slower population growth are contributing to a likely modest recession in 2025, dampening business and consumer confidence and slowing housing activity,\u201d the report said.<\/p>\n

Homebuyers and developers alike will continue to take the \u201cwait-and-see\u201d approach to the housing market amid the impact of the tariffs and economic uncertainty, it added.<\/p>\n

Story continues below advertisement<\/p>\n

\u201cAffordability remains a major issue and new construction is slowing. Rental markets are easing slightly as more supply comes online and demand softens,\u201d the report said.<\/p>\n

\t\t\t\t\t\t\"Click<\/p>\n

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t4:11
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLiberal minister jokes Conservatives are confused by the words \u2018affordable\u2019 and \u2018housing\u2019 together\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\tWhat will happen next year?\n\t\t\t\t\t\t<\/p>\n

\n\t\tTrending Now\n\t<\/p>\n

\t\t\t<\/p>\n

\t\t\t\t\t\t\"\"\/<\/p>\n

\n\t\t\t\t\t\u2018Psychopath\u2019: Victim\u2019s sister tears into killer Bryan Kohberger at sentencing\n\t\t\t<\/p>\n

\t\t\t<\/a><\/p>\n

\t\t\t<\/p>\n

\t\t\t\t\t\t\"\"\/<\/p>\n

\n\t\t\t\t\tCanada is facing a nationwide shortage of these prescription painkillers\n\t\t\t<\/p>\n

\t\t\t<\/a><\/p>\n

The housing market is likely to remain cool for the rest of 2025, the report predicted. A gradual recovery is only expected to begin by 2026.<\/p>\n

Story continues below advertisement<\/p>\n

The CMHC said the negative impact from trade tariffs will \u201cpeak in the second half of 2025\u201d but will begin to abate by 2026, along with the Canadian GDP. During this time, Canada\u2019s housing market will remain in a \u201cperiod of adjustment.\u201d<\/p>\n

\t\t\t\t\t\"For<\/p>\n

\t\t\t\t\tGet breaking National news<\/p>\n

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.<\/p>\n

\u201cWe expect conditions to stabilize more in 2026 as trade tensions ease, mortgage rates moderate and demand slowly recovers. As the economic environment improves, the housing market should gradually return to a more balanced trajectory,\u201d the report said.<\/p>\n

Canada started building slightly more homes in June than it did in May, the CMHC said in a report last week.<\/p>\n

Compared with May, the annual rate of housing starts<\/a> was largely flat, with a 0.4 per cent increase, but it rose 14 per cent compared with this time last year.<\/p>\n

\n\t\t\tMore on Canada
\n\t\t\tMore videos\n\t\t<\/p>\n

\n\t\t&copy 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump\u2019s trade war will continue to hit Canada\u2019s housing market, with a recovery in prices…\n","protected":false},"author":2,"featured_media":22252,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,1376,8334,46,11185],"class_list":{"0":"post-22251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-donald-trump","12":"tag-donald-trump-tariffs","13":"tag-economy","14":"tag-home-prices"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/22251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=22251"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/22251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/22252"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=22251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=22251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=22251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}