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Trump’s tariffs would likely send Canada's economy into recession

Canadian real estate would not be immune from the fallout of a trade war
While there remains plenty of uncertainty around the actual implementation and extent of the tariffs, Canada's real estate industry should prepare for the possible implications of a potential global trade war. (Getty Images)
While there remains plenty of uncertainty around the actual implementation and extent of the tariffs, Canada's real estate industry should prepare for the possible implications of a potential global trade war. (Getty Images)
CoStar Analytics
February 4, 2025 | 5:11 P.M.

Should President Trump's tariffs eventually go into effect, Canada would experience the largest trade shock in over a century, causing a significant blow to its economy. And since real estate houses the economy, it would not be immune.

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