Canadian Mortgage Trends ~ July 28th, 2025
As a tariff storm blew in from south of the border earlier this year, many industries in Canada, including the home building sector, feared the unknown ahead of them.
With stakeholders already keenly aware of the need to rapidly scale up housing supply and improve Canada’s housing affordability gap, blanket tariffs and more targeted material-specific levies meant additional unwelcome obstacles to overcome.
That included a potential need to slow down the pace of construction as supply chains shifted and key construction parts became more expensive.
“I would say that’s been borne out,” said Cheryl Shindruk, executive vice-president of Geranium Homes, a residential developer in southern Ontario.
“It’s difficult to pinpoint what exactly is the cost impact, but we certainly can say that there is an impact in terms of business confidence and … having materials when they need them in a timely manner.”
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