The Globe and Mail reports in its Wednesday, March 12, edition that the housing development industry warns that the global trade war is slowing investment in Canada's housing market. The Globe's Rachelle Youglai writes that uncertainty from the Trump administration's shifting trade policies is shaking investor confidence, as plans for tariffs on Canadian goods are frequently announced and delayed. Minto Group chief executive officer Michael Waters noted that this uncertainty complicates underwriting new investments. The trade war has contributed to a decline in land acquisitions and home resales. Colliers International Group said momentum had been growing late last year for land purchases and housing development after about two years of low activity. "There was a lot of good sentiment heading into this year," said Colliers vice-president Steve Keyzer, who leads the firm's housing redevelopment advisory for the Toronto region. Mr. Keyzer, however, said that has changed and investors have pulled back. "If this goes on for a long time and tariffs do come into effect for the medium term, then we're going to see less confidence in all aspects of investment in the economy, and definitely, housing will be affected."
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