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What happened to housing the last time Trump tariffed Canada?
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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