Looking to buy a house in Canada amid trade war? What RBC report is telling us about the real estate market

The ongoing trade war between the U.S. and Canada has significantly cooled Canadian housing markets, leading to a sharp decline in home resales, with March 2025 marking a 15% drop from December. Major markets like Toronto and Vancouver have seen resales plummet, while new listings have increased, creating an imbalance that favors buyers and pressures prices downward. The downturn is particularly severe in trade-sensitive regions, such as southern Ontario and Vancouver, where economies are closely tied to cross-border trade, resulting in weakened job security and diminished housing demand.

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