Canada’s House Prices Increase 11.6% in March

The Canadian National Composite House Price Index?published by Teranet and National Bank of Canada?displayed an increase of 11.6% in March from last year to reach 133.47; the increase resembles a 1% rise since beginning of 2010.
HOMAM ALATTAR
5/26/2010 6:06:10 PM

House prices accelerated to a monthly 0.3% in March compared to February, Teranet-National Bank report stated. March’s increase surpasses annual gains of 9.9% and 7.5% in February and January, respectively.

The Composite House Price Index, started in February of 1999, tracks six major cities in Canada: Vancouver, Calgary, Toronto, Ottawa, Montréal, and Halifax. From February, prices increased the most in Halifax, Montréal and Vancouver, fell in Calgary, and hardly moved in Toronto.

The House Price Index dropped from a high of 130.79 in August of 2008 to a low of 119.19 in April of 2009 as a result of the financial crisis, but more than fully recuperated since―thanks to ultra-low interest rates and timely responses by the Canadian government and central bank. As per data in the report, only prices in Calgary remain lower than their high levels before Canada’s economic contraction began in 2008.

However, the outstanding recovery in Canada’s resale housing market is cooling as more expensive properties and an expected rise in mortgage rates force out buyers, according to the Globe and Mail―Canada’s second largest daily newspaper. With house prices at all-time highs, the number of home owners looking to sell is creating excess inventory. This, together with higher anticipated mortgage rates and more stringent qualification rules, may price more people out of the market, and ultimately, trigger a downward correction, Globe and Mail article states.

The housing market has played a critical role in Canada’s recovery. As at end of April, the average house price reached $344,968―highest on record―with average house prices up 23% from their recessionary lows, and 7% higher than they were ahead of the recession, the Globe and Mail asserts. A slowdown in the housing market can have detrimental effects on Canada’s economic recovery.

Canadian Imperial Bank of Commerce (CIBC) World Markets economist, Benjamin Tal, said that house prices could decline as much as 10% in the following two years but that a violent” correction remains unlikely.



News

Trump Threatens 100% Tariffs on Canada
President Donald Trump threatened Canada with 100% tariffs on all its exports to the US if it makes a trade deal with China, as Bloomberg reported. Trump said the Canadian leader was “sorely mistaken” for opening his country to more business from China, including a recent deal allowing an increase in Chinese electric-vehicle exports. China and Canada reached an agreement last week to lower some trade barriers and rebuild ties, signaling a pivot in Canadian foreign policy and a break from alignment with Trump’s trade agenda. Prime Minister Mark Carney said he expects China to cut tariffs on Canadian rapeseed, also known as canola, after meeting Chinese leader Xi Jinping on Jan. 16. It was the first visit by a Canadian leader to Beijing in eight years. In return, Canada will allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax. Canada imposed a high tariff on Chinese EVs in 2024 to align with US policy.
Published on 2026-01-26

Trump Threatens 100% Tariffs on Canada
US President Donald Trump threatened Canada with 100% tariffs on all its exports to the US if it strikes a trade deal with China, as Bloomberg reported. Trump said the Canadian leader was “sorely mistaken” for opening the country to more business from China, including a recent deal allowing an increase in Chinese electric-vehicle exports. China and Canada reached an agreement last week to lower some trade barriers and rebuild ties, signaling a pivot in Canadian foreign policy and a break from alignment with Trump’s trade agenda. Prime Minister Mark Carney said he expects China to cut tariffs on Canadian rapeseed, also known as canola, after meeting Chinese leader Xi Jinping on Jan. 16. It was the first visit by a Canadian leader to Beijing in eight years. In return, Canada will allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax. Canada imposed a high tariff on Chinese EVs in 2024 to align with US policy.
Published on 2026-01-26

Trump Threatens 100% Tariffs on Canada
US President Donald Trump threatened Canada with 100% tariffs on all its exports to the US if it strikes a trade deal with China, as Bloomberg reported. Trump said the Canadian leader was “sorely mistaken” for opening the country to more business from China, including a recent deal allowing an increase in Chinese electric-vehicle exports. China and Canada reached an agreement last week to lower some trade barriers and rebuild ties, signaling a pivot in Canadian foreign policy and a break from alignment with Trump’s trade agenda. Prime Minister Mark Carney said he expects China to cut tariffs on Canadian rapeseed, also known as canola, after meeting Chinese leader Xi Jinping on Jan. 16. It marked the first visit by a Canadian leader to Beijing in eight years. In return, Canada will allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax. Canada imposed a high tariff on Chinese EVs in 2024 to align with US policy.
Published on 2026-01-26

Trump Threatens 100% Tariffs on Canada
President Donald Trump threatened Canada with 100% tariffs on all its exports to the US if it makes a trade deal with China, as Bloomberg reported. Trump said the Canadian leader was “sorely mistaken” for opening his country to more business from China, including a recent deal allowing an increase in Chinese electric-vehicle exports. China and Canada reached an agreement last week to lower some trade barriers and rebuild ties, signaling a pivot in Canadian foreign policy and a break from alignment with Trump’s trade agenda. Prime Minister Mark Carney said he expects China to cut tariffs on Canadian rapeseed, also known as canola, after meeting Chinese leader Xi Jinping on Jan. 16. It was the first visit by a Canadian leader to Beijing in eight years. In return, Canada will allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax. Canada imposed a high tariff on Chinese EVs in 2024 to align with US policy.
Published on 2026-01-26

Trump Threatens 100% Tariffs on Canada
US President Donald Trump threatened Canada with 100% tariffs on all its exports to the US if it strikes a trade deal with China, Bloomberg reported. Trump said the Canadian leader was “sorely mistaken” for opening the country to more business from China, including a recent deal allowing an increase in Chinese electric-vehicle exports. China and Canada reached an agreement last week to lower some trade barriers and rebuild ties, signaling a pivot in Canadian foreign policy and a break from alignment with Trump’s trade agenda. Prime Minister Mark Carney said he expects China to cut tariffs on Canadian rapeseed, also known as canola, after meeting Chinese leader Xi Jinping on Jan. 16. It was the first visit by a Canadian leader to Beijing in eight years. In return, Canada will allow 49,000 Chinese electric vehicles into its market at a tariff rate of about 6%, removing a 100% surtax. Canada imposed a high tariff on Chinese EVs in 2024 to align with US policy.
Published on 2026-01-26

Trump Sets 10% Tariff Hike on Canada after Ad Airs During World Series
U.S. President Donald Trump said on Saturday that he was increasing tariffs on Canada by an additional 10% “above what they’re paying now,” as he reacted again to an ad by Canada’s Ontario province, a day after it aired during the World Series broadcast. Trump on Thursday ended trade talks with Ottawa over the tariff-related ad, which he said was misleading, as Reuters reported. Trump announced the higher tariffs in a Truth Social post on Saturday, referencing the ad, saying that tariffs cause trade wars and economic disaster. Ontario Premier Doug Ford said on Friday that, after discussions with Canadian Prime Minister Mark Carney, Ontario would pause the U.S. ad campaign on Monday so that trade talks could resume. The U.S. Commerce Department, the White House, and the office of the Canadian prime minister did not immediately respond to requests for comment.
Published on 2025-10-26

Trump Sets 10% Tariff Hike on Canada after Ad Airs During World Series
U.S. President Donald Trump said on Saturday that he was increasing tariffs on Canada by an additional 10% “above what they’re paying now,” as he reacted again to an ad by Canada’s Ontario province, a day after it aired during the World Series broadcast. Trump on Thursday ended trade talks with Ottawa over the tariff-related ad, which he said was misleading, as Reuters reported. Trump announced the higher tariffs in a Truth Social post on Saturday, referencing the ad, saying that tariffs cause trade wars and economic disaster. Ontario Premier Doug Ford said on Friday that, after discussions with Canadian Prime Minister Mark Carney, Ontario would pause the U.S. ad campaign on Monday so that trade talks could resume. The U.S. Commerce Department, the White House, and the office of the Canadian prime minister did not immediately respond to requests for comment.
Published on 2025-10-26

Canada Cuts Tariffs on U.S., China Metals
Canada has granted tariff relief on select steel and aluminum imports from the U.S. and China to support domestic industries hit by trade tensions. Prime Minister Mark Carney is in talks with U.S. President Donald Trump, who imposed tariffs on Canadian metals, while also engaging Chinese officials to ease levies on Canadian agricultural exports. In response to economic strain, Carney has reversed many retaliatory tariffs previously placed on U.S. goods. A recent amendment to the 2024 surtax remission order allows duty-free entry of certain Chinese steel and aluminum products not manufactured in Canada. The order took effect October 15, with further details to be released November 5. Additionally, the Ministry of Finance exempted some U.S. metal imports tied to “public health, national security, manufacturing, agriculture and food packaging,” according to an official document.
Published on 2025-10-20

Canada Seals First Indo-Pacific Trade Deal with Indonesia
Canada has signed a Comprehensive Economic Partnership Agreement with Indonesia, aiming to secure duty-free access for up to 95% of its exports within 8–12 months, Trade Minister Maninder Sidhu said. It marks Canada’s first Indo-Pacific trade deal under Prime Minister Mark Carney, part of efforts to reduce reliance on the U.S. “I see a lot of opportunities in agriculture, in energy and telecom, in defense and aerospace,” Sidhu noted, adding Indonesia was “seriously looking” at Canadian small modular reactors. The pact could be ratified within a year, potentially doubling bilateral trade—currently just over CAD 5 billion—within six years. Though Indonesia is not among Canada’s top 10 partners, it is its largest export market in Southeast Asia, providing access to the region. Sidhu also signaled interest in a deal with the Philippines and said he may visit China in November as part of efforts to ease trade tensions.
Published on 2025-09-24

Canada Responds to U.S. Tariffs With Sectoral Support Package
Canada announced plans to roll out financial aid for domestic producers impacted by U.S. sectoral tariffs, particularly in steel, aluminum, and automobiles. Steel and aluminum face a 50% tariff, while Canadian-assembled vehicles are hit with a 25% duty. Industry Minister Melanie Joly said, “We’re really working on supporting these sectors, and there’s more news to come.” Prime Minister Mark Carney noted that negotiations with the U.S. are now centered on these industries, citing deep supply-chain ties. Trade Minister Dominic LeBlanc called the tariffs “enormous economic hardship,” following talks with U.S. Commerce Secretary Howard Lutnick. Canada remains the top U.S. supplier of steel and aluminum; however, aluminum exports have fallen for four consecutive months, reaching their lowest level since May 2019. Over 90% of Canadian auto exports are sent to the U.S., with recent data indicating a 25% decline in shipments since March.
Published on 2025-09-05

Canada Plans Aid for Tariff-Hit Sectors as U.S. Talks Continue
Canadian Prime Minister Mark Carney said Tuesday that financial aid programs are being prepared for industries hit hardest by steep U.S. tariffs, with potential rollout as early as next month, depending on the outcome of ongoing trade talks. Canada has already announced support for workers in the auto and steel sectors, which face U.S. tariffs of 25% and 50%, respectively. Carney added that aid for the aluminum industry—concentrated in Quebec and also subject to 50% tariffs—is being considered, along with possible support for the forest-products, copper, and pharmaceutical sectors. The U.S. has threatened further tariffs on those industries, with an August 1 deadline for resolving the dispute. Carney acknowledged that some tariffs may remain despite negotiations, but emphasized that Canada will only accept a deal that benefits its economy. “A good deal,” he said, “would recognize and reinforce the integrated U.S.-Canadian supply chains,” particularly in autos.
Published on 2025-07-23

Canada Imposes Limits on Steel Imports, Exempting U.S. and Mexico
Canada unveiled new measures to support its steel industry amid 50% U.S. tariffs, including limits on foreign-made steel imports — excluding the U.S. and Mexico — before triggering steep duties. Prime Minister Mark Carney said the government will also review trade agreements and ongoing talks with the Trump administration. Additionally, Ottawa will impose a 25% tariff by the end of July on imports from non-U.S. countries containing steel melted and poured in China. “The trade actions of the United States are transforming global market dynamics and supply chains,” Carney said, warning Canada will be among the hardest hit. He noted the country has a "disproportionately open import market" and that foreign steel makes up about two-thirds of Canada’s consumption, which spans infrastructure, autos, shipbuilding, and manufacturing.
Published on 2025-07-17

Canada’s House Prices Increase 11.6% in March
The Canadian National Composite House Price Index?published by Teranet and National Bank of Canada?displayed an increase of 11.6% in March from last year to reach 133.47; the increase resembles a 1% rise since beginning of 2010.
Published on 2010-05-26