#0055 - Ontario's Shifting Market: Tariffs, Elections, and the New Buyer's Advantage
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#0055 - Ontario's Shifting Market: Tariffs, Elections, and the New Buyer's Advantage
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In this April 2025 episode of "The Last Week in Real Estate," host Kai Tan explores Ontario's dramatic shift to a buyer's market with active listings up 39% and sales at a decade-low. Discover how U.S. tariff threats have significantly impacted buyer confidence, with 66% of potential Toronto homebuyers postponing plans. Kai breaks down the Bank of Canada's rate hold at 2.75%, regional market variations showing surprising resilience in areas like Northern Ontario, and the stark contrast between buyer's markets in condos versus seller's markets in freeholds. Plus, learn how the upcoming provincial election, TRESA regulations, and climate considerations are reshaping Ontario's real estate landscape. Whether you're buying, selling, or just market-watching, this data-packed episode delivers essential insights for navigating Ontario's challenging real estate crossroads.