Toronto Home Sales Plunge as Trade War Hits Consumer Confidence

Toronto home sales plunged in March as economic anxiety over tariff tensions between Canada and the US caused buyers to pull back.

Transactions in Canada’s largest city dropped 23% from a year earlier to just over 5,000 units, according to a report from the Toronto Regional Real Estate Board Thursday. Declining demand weighed on the benchmark price of a home in the city, pushing that down 3.8% to C$1.07 million ($751,351), the report showed.