Tariff-Exposed Areas in Canada Enjoy Rapid Rent Relief

Average rent prices in Oshawa, Ontario, have dropped nearly 11% over the past year, linked to the U.S.-Canada trade war. Cities with high tariff exposure, especially in manufacturing and resource sectors, show faster rent declines. Tariffs on steel and other materials have increased construction costs, impacting condo and rental developments. Job losses in manufacturing due to tariffs are also reducing rental demand, leading to lower rents and more concessions.