RBC’s read — trade war uncertainty is denting confidence, not fundamentals.
RBC Economics just flagged something worth watching: Toronto resales fell 1.3% in August, snapping the recovery streak that had been building since March. Prices dipped too.
RBC’s read — trade war uncertainty is denting confidence, not fundamentals. New listings are still down 14% year-over-year, a steeper drop than sales. That’s a tight-supply market pausing, not breaking.
Worth remembering next time this cools further: Ottawa’s the opposite story — prices there just turned positive year-over-year for the first time since November 2025.
#TorontoRealEstate #OntarioHousing #CRE #MultifamilyInvesting