Canada’s housing market is “cracking” under the weight of U.S. President Donald Trump’s trade war, with housing resales down in markets across the country, a new report said.
The Royal Bank of Canada report looked at the data from the MLS Home Price Index, which is essentially the median price of a house in a market.
The sharpest pullback in people getting into the housing markets has been in southern Ontario and British Columbia, RBC economist Robert Hogue said.
Not to worry they’ll just open the mass immigration floodgates wider to juice the housing shortage.
