Residential real estate retrenches in face of tariff threat

by Carolyn Ireland

The home at 105 Cluny Dr., in Toronto. The five-bedroom house was listed in the fall of 2024 with an asking price of $5.995-million. The property eventually sold for $4.9-million in February after a couple price cuts.

Many people with an interest in the vicissitudes of the Toronto-area real estate market are relieved that the March break for the public and private schools is under way. It gives everyone a chance to recalibrate.

After an optimistic start to 2025, buyers retrenched in early February and sellers soon followed.

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