National

U.S. tariffs set to slow pace of homebuilding in Canada: CHBA

Darpan News Desk The Canadian Press, 04 Mar, 2025 10:55 AM

Canada's building industry says a trade war with the United States will slow down the pace of home construction.

Canadian Home Builders' Association CEO Kevin Lee says the U.S. tariffs levied against Canada today will have a "muted" impact on the industry on their own.

But he says an expected slowdown in the economy tied to tariff impacts could hold the housing market back, dragging down housing starts.

Today, CHBA CEO Kevin Lee spoke to reporters on Parliament Hill about the release of CHBA's #MunicipalBenchmarkingStudy, underscoring that policy change is needed to ramp up housing supply & address #housingaffordability challenges.

Watch 🎥 https://t.co/968y1iFKuq #cdnpoli
— CHBA National (@CHBANational) March 4, 2025

Canada has responded to U.S. President Donald Trump's trade salvos with retaliatory tariffs targeting $30 billion worth of U.S. goods, with billions more in counter-tariffs set to follow in three weeks.

Lee says that if these retaliatory tariffs hit critical construction materials coming from the U.S., they could drive up costs for builders.

He says municipalities can help offset the slowdown by speeding up approval processes and lowering development charges to get new homes built.

Prev Next

MORE National ARTICLES

Singh says pipelines would not be first priority for NDP energy policy

NDP Leader Jagmeet Singh says he sees an east-west clean electricity corridor as his first priority for expanding the Canadian energy market — not new pipelines. While Singh isn't shutting the door entirely to pipelines, he says pipeline projects must be accepted by the communities through which they're routed, must not hurt the environment, must provide good jobs and must meet Indigenous consultation requirements.

Singh says pipelines would not be first priority for NDP energy policy

Mark Carney trouncing Liberal leadership rivals at fundraising

Former central banker Mark Carney is dominating the fundraising field in the race for the federal Liberal leadership. And his main rival appears to be trailing at the back of the pack. Financial data published by Elections Canada shows Carney raised $1.9 million for his leadership bid — more than eight times the sum collected by his nearest fundraising competitor.

Mark Carney trouncing Liberal leadership rivals at fundraising

Economists more confident in Bank of Canada rate hold as inflation ticks up to 1.9%

Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada's annual inflation rate ticked back up in January. Statistics Canada's consumer price index on Tuesday reported the annual inflation rate rose to 1.9 per cent last month, up from 1.8 per cent in December, as the effects from a full month of the federal government's GST break were offset by higher fuel costs.

Economists more confident in Bank of Canada rate hold as inflation ticks up to 1.9%

Most passengers injured in Pearson airport plane crash released from hospital: Delta

Delta Air Lines says all but two passengers injured Monday when a plane crashed and flipped on the tarmac at Toronto's Pearson airport have been released from hospitals as of this morning. Delta says in a social media post that 19 out of 21 passengers initially taken to Toronto-area hospitals have since been released as the investigation into the cause of the crash continues.

Most passengers injured in Pearson airport plane crash released from hospital: Delta

B.C. Labour Relations Board finds Starbucks made threats against pro-union employee

The B.C. Labour Relations Board has found Starbucks wrongfully made "threats of adverse consequences" against an employee for her unionization activity, but found the company had a "legitimate business reason" to close down its only unionized location in Vancouver.

B.C. Labour Relations Board finds Starbucks made threats against pro-union employee

Flu activity in B.C. peaking as COVID-19, respiratory virus decline

The BC Centre for Disease Control says influenza A infections remain high and continue to increase, with the percentage of tests returning positive up to 24 per cent in the week ending Feb. 1. That figure is more than double that of the 11.7 per cent reported between Dec. 22 and Dec. 28.