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Canadian multifamily market hit by new supply, trade war with US

Pressure on housing market leading to lower asking rents, Oxford Economics says
Toronto has seen declines in multifamily rental rates. (Getty Images)
Toronto has seen declines in multifamily rental rates. (Getty Images)
CoStar News
July 3, 2025 | 8:51 P.M.

The continuing trade war with the United States and the high number of new apartments being built in Canada is weighing on the country's housing market, according to a new report from Oxford Economics.

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