Canadian Real Estate Magazine: Auto tariffs would hurt Toronto housing market

Toronto’s housing market could be in for a bumpy ride after the White House threatened to impose auto tariffs. According to TD Economics, it is estimated that the tariffs, if levied, could cause 160,000 net jobs to be lost north of the border. However, the overwhelming majority would be in Ontario and that spells bad news for the housing market. Broker Brett Starke says, in particular, the Bank of Mom and Dad would take the biggest hit. “Economic uncertainty translates through the real estate market in some ways. One of the things people aren’t talking about is how it will affect the bank of mom and dad because a lot of people from the east and west ends are millennials still relying on their parents for their first down payments or to help with the rent.” He added that a trickledown effect would effect would manifest in Toronto almost instantly. Read More...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
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