The GTA’s housing market faces headwinds as trade renegotiations and slower economic growth loom. A Conference Board of Canada report projects GDP growth slowing to 1.3% in 2026, impacting housing demand. While government stimulus may provide some support, weaker population growth and potential workforce reductions could dampen job growth, creating a cooler backdrop for homebuyers.
CMHC anticipates cooling through 2025, with potential price dips in Ontario before a gradual recovery in 2026. The renegotiation of the Canada–U.S.–Mexico Agreement (CUSMA) is a key factor, with BMO’s chief economist highlighting the “dark cloud” of trade uncertainty. RBC Economics emphasizes that monetary policy alone can’t resolve trade-related issues. For a deeper dive into the factors influencing the GTA’s housing future, read the full article on mpamag.com.
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