LYALL: 3 cost pressures threaten to slow Canada’s housing construction

RESCON: Housing industry can ill-afford the rising costs of construction

Tariffs, soaring diesel costs and constrained domestic steel supply are all pushing housing in the wrong direction.

LYALL: 3 cost pressures threaten to slow Canada’s housing construction

Canada needs more homes, but building them keeps getting more expensive. RESCON president Richard Lyall says tariffs, a 70 per cent jump in diesel prices and Stelco idling its galvanized steel lines are adding costs at every stage of construction, and homebuyers and renters will end up paying.