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Planning a spring home project? Why you should factor in Trump tariffs – National [Video]

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Canadian Economy and Markets

Spring is a time for many Canadian homeowners to finally get started on that remodel they’ve been hoping for. But this year, U.S. President Donald Trump’s trade war might throw a wrench into some renovation plans.

Fears of a recession and uncertainty about job security may be weighing on Canadians who were planning a home renovation this year, along with the costs of items on the tariff and counter-tariff lists going up in price — not to mention, expectations that home insurance costs will rise as repairs cost more.

Whether you tackle that big project now or wait likely depends on your risk — and cost — tolerance.

“If you’re working in southern Ontario and you’re connected to the automotive industry, you’re definitely not thinking of doing a renovation probably at this stage,” said Kevin Lee, CEO of the Canadian Home Builders Association.

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He added, however, that the conditions were ripe for someone willing to take the risk.

“Conversely, if you’re feeling …

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