If you're considering buying or building a home in Canada, July 9 is a date you need to pay attention to. That’s when the temporary pause on U.S. tariffs on Canadian construction materials ends—and the ripple effects could be felt throughout the real estate market.
Here’s what you need to know.
The U.S. recently introduced a temporary pause on tariffs for Canadian construction materials—including key items like lumber, aluminum, and steel. That pause ends on July 9, meaning higher fees on these materials could kick back in.
These tariffs directly affect the cost of building and renovating homes across Canada. When materials cost more, builders raise prices, and that inflation spreads across the entire real estate market.
Whether you’re buying a pre-construction home, a new build, or even an older home needing updates, the end of the tariff pause means higher costs are likely coming.
Here’s how it could affect you:
New home prices may increase as builders pass added costs on to buyers.
Renovation costs will rise, especially for projects involving roofing, siding, windows, or additions.
Supply chain slowdowns may return if builders pause or delay projects.
Investor properties and income homes could become more expensive to improve and rent.
For buyers, this means less negotiating power and reduced affordability, especially in high-demand areas like Simcoe County, Barrie, Orillia, and other fast-growing regions north of Toronto.
If you’re on the fence about buying, this is a rare window of opportunity:
Prices are stable now — but they may not stay that way.
Competition is softer, giving you room to negotiate.
You can avoid the rush of buyers who will re-enter the market when interest rates fall.
Once the tariff pause ends and rates potentially dip, we could see a sharp rebound in prices, creating bidding wars and supply shortages all over again.
If you're thinking about making a move—buying, investing, or even renovating—it’s time to get a smart plan in place.
Here’s what we recommend:
Get pre-approved now to lock in your financing window
Explore listings before they hit MLS (we can help with this through FarisVIP)
Book a free Buyer Strategy Session to see what you can afford before tariffs hit
Act before July 9 to stay ahead of the curve
The July 9 tariff deadline may seem like a political or economic headline—but for Canadian buyers, it’s a real trigger point. Smart buyers will use this moment to get ahead of price increases and secure a home or investment before the market shifts again.
Need help navigating your next step? Let’s build your custom real estate plan. Book a free Buyer Strategy Session with a Faris Team Realtor® now »