In 2025, Canadian officials secretly braced for a potential trade war with the U.S. that could have jeopardized $27.8 billion in GTA housing and infrastructure projects. A leaked document reveals the government’s concerns over tariffs on construction materials, potentially impacting 726 projects and leading to job losses. While this worst-case scenario didn’t fully materialize, the threat of tariffs continues to cast a shadow over the GTA’s development landscape, adding to existing pressures like rising fuel costs and slowing new home sales. One Toronto developer highlights the ongoing uncertainty and its impact on project costs. To delve deeper into the potential ramifications and government strategies, read the full article on The Star.
Source: Read the original article
