Industry Update: Navigating the Impact of New US-Canada Tariffs
Over the past several days, the commercial real estate sector has been closely examining the potential impacts of the newly imposed 25% US export tariff on goods and 10% export tariff on energy, along with Canada’s retaliatory tariffs on select US imports. These measures are expected to have far-reaching effects, including increased costs, supply chain disruptions, and potential project delays across various sectors. Both economies are likely to face challenges as these tariffs take hold, impacting productivity, competitiveness, and overall market stability.
REALPAC is actively monitoring the situation and engaging with industry counterparts in both Canada and the US to better understand the implications for the commercial real estate sector. While the full extent of these impacts is still unfolding, we recognize the importance of staying informed and proactive during this time of economic uncertainty.
We remain committed to supporting our members and the broader real estate community by providing timely updates, facilitating industry dialogue, and ensuring key concerns are communicated to policymakers.
Further updates will be shared as new information becomes available.
Contact:
Michael Brooks, CEO
mbrooks (at) realpac.ca | 416.642.2700 x225
