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What happened to housing the last time Trump tariffed Canada?

A look back at tariffs’ impact on the Canadian housing market during U.S. President Trump’s first term.



In 2018, when the U.S. imposed tariffs on Canadian steel and aluminum, the Canadian housing market initially saw a surge in sales, followed by a drop. Home prices fluctuated, ranging from approximately $472,000 in December 2018 to nearly $529,000 in November 2019. Current conditions, including increased supply and anticipated lower rates, could help support the market in a similar trade war scenario.

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