07:16 AM EDT, 07/29/2025 (MT Newswires) -- Since January, home prices have fallen 6% in Ontario, one of the two provinces in Canada most impacted by United States tariffs, said Bank of Montreal (BMO).

The declines have been widespread, including a 5% dip in the largest region, Greater Toronto, noted the bank.

However, there is no clear evidence, yet, that tariffs are disproportionately affecting two auto-led cities, Windsor and Oshawa (Durham Region), and only slim evidence of an impact on steel-town Hamilton, where prices are off 7%, stated BMO.

Alas, if current hefty duties persist, layoffs in both

industries and the resulting impact on housing markets in these cities could mount, added the bank.