Tariffs and the real estate market.

Tariffs on imported building materials could increase the cost of construction in Ontario, which could lead to higher home prices, slower housing supply, and a less affordable housing market. 

Construction costs

• Tariffs on imported building materials like steel, aluminum, glass, and appliances could increase construction costs by 10–15%. 

• These costs could be passed on to buyers and renters. 

• Homeowners planning renovations could face higher prices for materials and labor. 

Housing supply

• Supply chain disruptions could cause delays in housing supply. 

• Developers may build less or charge more, making homeownership less affordable. 

Buyer confidence 

• A potential recession triggered by tariffs could reduce demand for homes.

• Unemployment fears and economic uncertainty may deter buyers.