Canada Housing Faces Trade Turmoil

Canada's housing market softened recently, with activity ↓~7% yearly and national sales ↓<1% MoM as buyers weighed trade tensions, oil prices, and inflation worries.
Rising Canada bond yields added pressure to fixed mortgage rates, yet an industry expert still expected Late-Q3 and Q4 activity to stay busy.
Canada's central bank recently held its policy rate, while inflation stayed near ~3% for a second month and some economists saw room for 2027 easing.
For the rest of 2026, one expert expected either no change or one small hike, then possible cuts in 2027 as conditions improve.
The biggest rebound catalyst remained a US trade deal, while buyers were urged to watch the next 6 to 12 mo and stay ready.