Home Developers Ready to Adapt to Canadian Tariffs

In response to U.S. tariffs on Canadian goods, Canada announced retaliatory tariffs, raising concerns in the construction industry. Lumber prices surged during the pandemic, increasing home costs by about $50,000. Additional tariffs could raise prices on hardwoods, cabinets, and appliances. Builders are locking in longer contracts to avoid passing costs to buyers, but many suppliers are preemptively raising prices due to trade war uncertainties.