Gloomy tariff stuff – Canadian homebuilding and renovation news for March 14, 2025
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Editor's Note 
 
Watch your inbox for our big focus on exterior construction all next week: Curb Appeal!
- Patrick Flannery, editor
 
News 
 

Some U.S. tariffs and retaliatory tariffs paused

The Trump White House is saying now that tariffs on "CUSMA-compliant" Canadian goods crossing the border will be paused until April 2. "CUSMA-compliant" appears to refer to whether the importing company has filed paperwork confirming it is importing products under the Canada U.S. Mexico Agreement on free trade.


No progress on Ontario housing intentions in January: StatCan

In January, the total value of building permits issued in Canada decreased by $425.8 million (3.2 percent) from the previous month to $12.8 billion. Ontario (down $771.1 million) led the decline, while New Brunswick (up $356.8 million) tempered it the most.


New fund offers exposure to western housing industry

Venture capital firm KV Capital has announced the launch of KV Building Products Access Fund LP. The closed-end fund enables eligible and accredited Canadian investors to invest alongside KV and its institutional partners in the firm’s building products strategy.


Money flowing to Halifax for repairs and renovations

The government of Canada has announced an investment of over $11.7 million for repairs and renovations that will improve the energy efficiency and longevity of over 490 homes in the Halifax Regional Municipality. This funding, provided under the Canada Greener Affordable Housing Program (CGAH) and the Affordable Housing Fund (AHF), has been allocated to support pre-retrofit activities and key energy-efficiency renovations needed for multi-unit residential buildings across the municipality.


 
Features 
 
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How tariffs will affect housing construction: MMI

Over the last month, the most frequent question we’ve received here at the Missing Middle is, “How will the Trump Administration’s unwarranted and unprecedented trade war on Canada impact housing construction?” Our response had been to largely look at the macro factors. As the trade war weakens the economy and unemployment rises, families are less likely to want (or be able to) purchase a new home, causing housing starts to fall even further, a point made by Douglas Porter at BMO. » Read More...
 
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Tariffs causing buyer reluctance

This report from Penticton, B.C.,'s castanet.net echoes what we've been hearing in conversations around the country: homeowners are nervous about the big economic effects of tariffs and it's casting a chill on markets. » Read More...
 
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March Dilemma - Tariff turmoil

Solve Jeff's Dilemma for a chance to win a DEWALT 20V Drill with New Tabless Battery Technology! Jeff is wondering what to do when Canada's retaliatory tariffs raise prices on his favourite American brands... » Read more...
 
 
The Hammer 
 

The Hammer Episode #54: Goodbye Tipping Fees – Gil Yaron, Light House

Gil Yaron of Light House is spearheading the launch of the Building Materials Exchange on Vancouver Island and Lower Mainland, B.C., with plans to expand. It’s a website where members can post excess materials from inventory or jobsites and offer them for sale or free to whomever wants them. The important wrinkle is the business-to-business nature of the site, allowing contractors to deal with other contractors and not so much the general public. » Read More...

Episode #53: The Costs Must Drop – Richard Lyall, RESCON

Canada, and especially Ontario, faces a housing crisis in which we are building less than half the new homes each year we are expected to need. But even so, housing starts dropped in Ontario in 2024. Radical action is clearly needed, and RESCON CEO Richard Lyall has some ideas. He joins The Hammer for some tough talk about the need for big cuts to development fees and taxes; new investment in infrastructure; harmonization of codes and standards; slashing of red tape in approvals process; the need to fight U.S. tariffs and more. » Listen now!

The Hammer Episode #52: Step Lightly – Jared Kress and Chris Maskell

Jared Kress of Metropolitan Floors and Chris Maskell of the National Floor Covering Association of Canada join The Hammer to set us straight on the impact insulation class (IIC) for flooring. This is the number that tells us how much a flooring product prevents sound transmission to the space below from footsteps. Some condo boards and architects are specifying crazy numbers for these ratings, but what you get in a lab is often not what you get in the field. Kress and Maskell take us through how the rating is calculated, what impacts the actual performance in your project and what you need to tell clients who think your floor can be made absolutely silent. » Read More...

 
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