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Canada tariffs could add $14,000 to the cost of building a home by 2027, report warns

CANADA, JUL 22 – Tariffs on Canadian imports could add up to $14,000 to U.S. homebuilding costs by 2027, with 60% of builders already reporting price increases, the Canadian Chamber of Commerce says.

  • On July 22, 2025, the Canadian Chamber of Commerce reported tariffs on Canadian imports could raise U.S. home building costs by $14,000 by the end of 2027.
  • This report follows ongoing tariff measures by the Trump administration, including a 50% tariff on steel, aluminum, and copper, effective August 1 for partners without agreements.
  • In 2023, Canada was the leading supplier for U.S. lumber, providing nearly seven-tenths of imports, contributed a quarter of the country's imported iron and steel, and supplied just under a fifth of copper. Meanwhile, May 2025 experienced a record surge in private construction cancellations, increasing by 62.6%, influenced in part by tariff-related cost pressures.
  • ConstructConnect chief economist Michael Guckes said, "The impact of tariffs will affect the price and quantity consumed of goods," while O’Reilly predicted sustained volatility and caution in construction.
  • These conditions have led to layoffs, project delays, and cautious spending, signaling continued uncertainty in the construction sector and housing affordability through 2025.
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CNN broke the news in Atlanta, United States on Tuesday, July 22, 2025.
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