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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Toronto Home Sales Dip in March Amidst Fierce Competition, But Prices Climb

 

The Greater Toronto real estate market experienced a nuanced landscape in March. While home sales dipped by 4.5% compared to the previous year, the average home price saw a moderate rise due to intense buyer competition.

Key Insights:

  • Sales Volume: A total of 6,560 homes changed hands in March, down from 6,868 in the same period last year. However, this decline can be partially attributed to the Good Friday holiday, which fell within March this year instead of April.
  • Average Selling Price: Despite the drop in sales volume, the average selling price increased by 1.3% year-over-year, reaching $1,121,615.
  • New Listings: New listings surged by 15% during this period. Homeowners seemed to anticipate an improvement in market conditions as spring approached.
  • First Quarter Trends: The first quarter of 2024 ended with 11.2% higher sales year-over-year and a substantial 18.3% increase in new listings.

Market Outlook:

  • Interest Rates: If borrowing costs decrease later this year, we can expect sales to rise and new listings to be absorbed. This could lead to tighter market conditions, further pushing selling prices upward.

As the Toronto real estate landscape continues to evolve, buyers and sellers must stay attuned to these dynamics. The interplay between demand, supply, and economic factors will shape the market’s trajectory in the coming months.


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