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.

Categories

Recent Posts

This architect-sculptor duo are bringing colourful, interactive urban art projects to the GTA
This architect-sculptor duo are bringing colourful, interactive urban art projects to the GTA
Two-bedroom Toronto home sells for $100,000 over asking price
Two-bedroom Toronto home sells for $100,000 over asking price
In a tough market, agents try new novelties to grab attention
In a tough market, agents try new novelties to grab attention
Toronto sees new wave of listings in July and a pricing pull-back
Toronto sees new wave of listings in July and a pricing pull-back
Councillors bring back debate over a DineSafe-like colour-coding system for Toronto apartment buildings
Councillors bring back debate over a DineSafe-like colour-coding system for Toronto apartment buildings
New headquarters champions health and sustainability
New headquarters champions health and sustainability
Market conditions favour buyers, so why are sales of new homes so low?
Market conditions favour buyers, so why are sales of new homes so low?
Public hearings show tension over Vancouver’s push for density
Public hearings show tension over Vancouver’s push for density
Competition bureau warns of rental price-fixing, the Home of the Week and more top real estate stories
Competition bureau warns of rental price-fixing, the Home of the Week and more top real estate stories
Coquitlam townhouse sells in a day amid general buyer malaise
Coquitlam townhouse sells in a day amid general buyer malaise

Share on Social Media

advisor-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 816-5514

lilithak@yahoo.com

8854 Yonge St, L4C 0T, Hill, Ontario, Canada

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of LiLiT Homes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.