July 2026 Market Update: Inflation Drops to 2.8% & 50% US Tariffs Impact
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Ciao! Welcome to a new episode of Helping YOU Build Wealth Through Real Estate...Brick by Brick with me, Nico James-Bock, Founder of The CondoWiz™ Group and Broker with Re/Max West Realty in Toronto.
In this episode, we break down the latest mid-2026 real estate momentum, key central bank announcements, and major macroeconomic trade updates impacting real estate investors and homeowners across Canada.
Key Takeaways:
- Housing Market Momentum: Canadian MLS® home sales rose 0.5% in June, building on May’s 5.5% jump and confirming the market is finding its floor.
- Interest Rates Held: The Bank of Canada kept the overnight rate steady at 2.25% for the sixth consecutive meeting.
- Inflation Cooled: Headline inflation eased to 2.8% in June, driven by lower gasoline costs and moderating core price pressures.
- Single-Family vs. Condos: Single-family homes lead the market recovery while condo inventory presents strategic value opportunities for long-term investors.
- Macro Risk & US Tariffs: An overview of the proposed 50% US tariffs under Section 338 and what it means for CUSMA and the Canadian economy.
📲 Ready to build your real estate portfolio with confidence?
Book a 1-on-1 strategy call with Nico James-Bock and The CondoWiz™ Group team today!
👉 Visit: Real Estate Strategy Call
👉 Email: TheCondoWiz@gmail.com
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