The Greater Toronto Area’s housing market could be at a pivotal moment this summer, hinging on the outcome of the Canada-US-Mexico Agreement (CUSMA) review. Economists suggest that if the review goes poorly, the existing tariffs could be widened, plunging the economy into uncertainty. Conversely, a positive outcome could boost buyer confidence, particularly among first-time homebuyers who have been sidelined. While interest rates have decreased and home prices are down almost 10%, Toronto’s condo market continues to struggle with a glut of new units. The CUSMA review’s impact could determine whether the GTA sees an uptick in housing activity in the second half of the year. For a deeper dive into the potential impacts, read the full article on mpamag.com.
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