Home sales in Toronto have plummeted by 29% in February, marking the largest drop since the pandemic's onset, while Vancouver's market remains more stable, with a 21% increase in sales year-over-year. Despite both cities facing challenges from high housing prices and rising interest rates, Vancouver's affordability has not deteriorated as severely. The ongoing U.S. trade war may further impact market confidence, raising concerns about the recovery of both regions' real estate markets.
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