GTA home sales post first decline in six months amid trade fears
On a month-over-month seasonally adjusted basis, the HPI Composite was essentially flat versus July, and the average selling price edged higher, a tentative signal that the pace of price decline may be moderating.
TRREB President Daniel Steinfeld said market conditions could shift quickly.
“If inventory tightens and home prices begin to rise, some buyers may face a trade-off between waiting for greater economic certainty and purchasing before prices move higher,” he said.
“At the same time, improving market conditions for sellers could bring more listings to market, providing buyers with additional choice.”
BILD reported strong GTA single-family home sales in July, with Micky Khaneka of MKG Mortgages saying the expanded HST rebate has sparked renewed interest in new-build properties.https://t.co/xmDPb7g11M
— Canadian Mortgage Professional Magazine (@CMPmagazine) September 2, 2026
Trade war and borrowing cost fears sideline buyers
August’s slowdown coincided with a breakdown in US-Canada trade negotiations. Washington imposed new 50% tariffs on approximately $20 billion in Canadian imports after talks collapsed, sending fresh uncertainty through the housing market and the broader economy.
