Toronto Home Prices Halt Slide as Buyers Start to Show Interest

Toronto home prices ticked up after five straight months of declines as Canada-US trade tensions eased and valuations at their lowest point in four years began to tempt buyers.

The benchmark price of a home in Canada’s largest city climbed 0.1% in May from April, reaching C$992,800 ($723,800), according to seasonally adjusted data released Wednesday by the Toronto Regional Real Estate Board.

Though US tariffs on Canadian steel, aluminum and cars remain, US President Donald Trump framed his desire to make Canada the 51st state in softer terms during his meeting last month with Prime Minister Mark Carney. As ...