How Tariffs Impact Canadian Housing Affordability

Homerenoquotes11 Apr, 2025News

Canada’s housing affordability crisis has many causes—sky-high demand, limited supply, and rising interest rates. But one often-overlooked factor is global tariffs on building materials, which are silently driving up the cost of every new home, rental unit, and renovation across the country. From lumber to steel, tariffs imposed by the U.S., China, and other trading partners are adding thousands of dollars to construction costs—costs that eventually get passed on to buyers and renters.