" The association’s estimates show that a majority of these items would be hit with 50-per-cent levies. That includes laminated veneer lumber, steel doors, windows, frames and thresholds, as well as steel nuts, aluminum wire, bars and rods.
Other products such as stainless steel sinks and air heaters would be hit with a 25-per-cent tariff. Items such as bulldozer blades would be slapped with a 15-per-cent tariff, according to the group’s estimates.
Like Plazacorp, major B.C. housing developer Wesgroup Properties said it is still trying to figure out how the tariffs would affect its business.
“Part of the issue is the situation is so volatile and it’s difficult to forecast any outcome,” said Beau Jarvis, CEO of Wesgroup, which has been building homes for more than six decades.
He said the cost of structural steel framing has increased 8.5 per cent, and metal fabrication is up about 10 per cent, which will put major pressure on construction costs into next year.
Wesgroup is looking at alternate suppliers, but swapping products is not that simple.
“You cannot just swap that product out without it impacting something else,” Mr. Jarvis said.
Source :
https://www.theglobeandmail.com/business...us-building-materials-costs-construction Globe and Mail Sept 11 2026
Over the past month the Globe has published several article re the decline in demand for residential property which is now overpriced in an uncertain economy.
And Premier Houston is now asking for public input/advice about cutting $300 million out of the next budget, One can only hope that HRM councillors will face reality and pass a budget that sees significant reductions in expenditures.
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