Counter tariffs will add to perfect storm of homebuilding challenges , N . L . builders say

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Newfoundland and Labrador homebuilders are concerned that Canada's planned counter-tariffs on over $27 billion of American products will worsen existing construction difficulties. These tariffs, set to begin September 8th, will affect various items used in building and furnishing homes, such as appliances, lighting, and flooring, leading to uncertainty about future costs. Builders note that this tariff situation compounds other issues, creating a "perfect storm" that includes skilled labor shortages, new building codes, and rising material costs. Industry representatives are closely monitoring the tariff lists and hope for exceptions to prevent home and building costs from escalating further.