Canadian home sales saw a significant decline from January to February 2025, as cautious buyers stepped back during the first full month of the ongoing trade war with the United States.
According to the latest data from Knight Frank, prime rental growth across 16 key cities slowed in the final quarter of 2024, with rents rising by 2.2% over the past year -- the slowest pace in more than three years.
This week the U.S. imposed 25% tariffs on its North American partners after a 30-day delay, citing insufficient action against drug cartels. Canada and Mexico immediately announced retaliatory tariffs.
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.