As the GTA real estate market navigates a delicate balance of interest rates and economic uncertainty, a pivotal week of data looms. RBC Economics projects July’s year-over-year inflation to hit 2.9%, up from 2.8% in June, largely fueled by a 25% spike in gasoline prices. While headline inflation is creeping upward, the Bank of Canada’s core measures remain anchored near the 2% target, suggesting that rates may hold steady through the remainder of 2026.
Beyond the CPI numbers, all eyes are on the August 19 implementation of US Section 338 tariffs. While RBC analysts expect the impact on Canada’s GDP to be contained, the psychological ripple effect on market confidence remains a wild card for local buyers and investors. With home resale activity currently trending flat, these macroeconomic pressures are the key variables to watch this fall. For a deeper look at these projections, read the full report at [MPA Mag](https://www.mpamag.com/ca/mortgage-industry/industry-trends/tariff-clock-ticks-as-canada-braces-for-july-inflation-data/586235).
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