Toronto Real Estate Sales Plummet: Trumps Tariffs Really to Blame?

#torontorealestate canadianrealestate #trumptariffs Toronto's real estate sales plunged 27.4% in February (YoY), and the TRREB—along with the media—is blaming 'uncertainty' from the Trump Tariffs. But is that really the reason? There’s little evidence to suggest Toronto’s market was poised for a boom without them. Links: GTA REALTORS Release February Stats: https://trreb.ca/market-data/market-watch/ Trade war a ‘bucket of cold water’ on Toronto-area real estate market as February sales nosedive: https://www.thestar.com/real-estate/trade-war-a-bucket-of-cold-water-on-toronto-area-real-estate-market-as-february/article_c21627e8-f90e-11ef-96aa-0fe24bf7d476.html Morning Update: Trump’s trade war sends homebuyers running: https://www.theglobeandmail.com/canada/article-morning-update-trumps-trade-war-sends-homebuyers-running/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ A moody February in Toronto real estate market after busy start to 2024: https://www.theglobeandmail.com/real-estate/toronto/article-a-moody-february-in-toronto-real-estate-market-after-busy-start-to/ Toronto’s detached homes saw a 20 per cent price drop since the pandemic peak — is a comeback on the way?: https://www.thestar.com/real-estate/torontos-detached-homes-saw-a-20-per-cent-price-drop-since-the-pandemic-peak-is/article_7cca7396-db01-11ee-b616-7714cbff4585.html Bidding Wars have returned as the GTA’s housing market heats back up: https://www.blogto.com/real-estate-toronto/2024/03/gta-bidding-wars-housing-market/ Multiple offers mounting for houses under $1 million in Toronto: real estate agents: https://www.ctvnews.ca/toronto/article/multiple-offers-mounting-for-houses-under-1-million-in-toronto-real-estate-agents/ Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/ Wayback Machine – CIBC Mortgage Rates: https://web.archive.org/web/20250101000000*/https://www.cibc.com/en/interest-rates/mortgage-rates.html Toronto home sales surge 44% in October as rate cuts draw buyers back: https://financialpost.com/real-estate/toronto-home-sales-surge-rate-cuts-draw-buyers Toronto’s housing market will boom in 2025, Royal LePage head says — making it the most expensive market in Canada: https://www.thestar.com/business/torontos-housing-market-will-boom-in-2025-royal-lepage-head-says-making-it-the-most/article_a6bf290e-80d2-11ef-a353-93ec64047fd2.html Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.