Tariffs set to slow pace of homebuilding in Canada

Lee said that, after weeks of President Donald Trump threatening to impose tariffs on Canadian exports, consumer confidence is already taking a hit.

He said fears about job insecurity tied to tariffs are likely filtering into the housing market, chilling investment demand and limiting hopes for a rebound this spring.

“We still have a bit of a slow market despite the fact that interest rates are coming down and we would expect that’ll continue to worsen as the trade war continues, if it does,” Lee said.

Canada has responded to Trump’s trade salvos with retaliatory tariffs targeting $30 billion worth of U.S. goods, with billions more in counter-tariffs set to follow in three weeks.

READ MORE: https://financialpost.com/real-estate/us-tariffs-slow-canadian-homebuilding