The ongoing trade tensions between Canada and the United States have been a hot topic lately, leaving many to wonder: how are these issues affecting Canadian homebuyers? You might think that rising tariffs and strained relations would discourage potential homeowners, but recent data tells a different story. In fact, a survey has revealed some surprising insights about Canadians’ intentions to buy homes in the near future.
This article will delve into the current homebuying landscape in Canada, examining how trade tensions with the U.S. are influencing Canadians’ decisions. We’ll look at survey results, local market trends, and the broader implications for real estate. Are Canadians really unfazed by U.S. policies? Let’s find out.
Canadians Remain Optimistic Amid Trade Tensions
Interestingly, a recent survey indicated that nearly half of Canadians have no immediate plans to purchase a home. However, for those considering a purchase, the prevailing trade situation does not appear to be a significant deterrent. In fact, a striking 79 percent of prospective buyers believe tariffs are not influencing their homebuying plans, according to Wahi, the organization behind the study.
While it’s true that about 16 percent of respondents feel somewhat less inclined to buy due to trade issues, a mere 4 percent claimed that the situation makes them more likely to invest in property. So, what does this mean for the Canadian housing market? It suggests a resilient attitude among homebuyers, who seem determined to pursue their real estate aspirations regardless of external factors.
Sales Trends in Major Markets
The latest statistics from the Greater Toronto Area (GTA) support the notion that homebuyer enthusiasm remains strong. This July recorded the highest sales activity since 2021, according to the Toronto Regional Real Estate Board. This uptick in sales suggests that Canadians are not allowing geopolitical tensions to cloud their judgment when it comes to purchasing homes.
Yet, it’s essential to acknowledge that while many Canadians are undeterred, the impact of tariffs could still be felt in specific local markets. For instance, housing prices in areas like Hamilton, Belleville, and Oshawa have seen declines. McLaughlin notes that these regions, heavily reliant on the steel industry, may be particularly susceptible to economic shifts stemming from trade disputes.
Impact on U.S. Property Purchases
While domestic buyers seem largely unaffected, the situation is different for Canadians looking to invest in U.S. real estate. Previous analyses have indicated that the possibility of a North American trade conflict has led some potential buyers to reconsider their plans for purchasing property in the U.S.
In 2024, Canadians ranked as the top foreign buyers of American homes, surpassing buyers from China. However, the current trade climate raises questions about whether this trend will continue. If trade tensions escalate, will Canadians hesitate to invest across the border?
Survey Insights and Methodology
The findings discussed come from a survey conducted by Wahi from June 17 to June 19, 2025, involving a representative group of 1,500 adult Canadians who are members of the Angus Reid Forum. The survey was available in both English and French, ensuring broad accessibility. For reference, a sample of this size carries a margin of error of +/- 2.53 percentage points, 19 times out of 20.
As you can see, the relationship between trade tensions and homebuying intentions is complex. While many Canadians seem to be pressing forward with their real estate goals, local market conditions could still play a crucial role in shaping the future of home sales across the country.