Lumber Tariffs

We want to inform you about potential changes in the lumber market that could impact your projects in the coming months.​

Potential Tariffs on Canadian Lumber

The U.S. administration has announced plans to impose a 25% tariff on Canadian softwood lumber imports, effective April 2, 2025. This action is part of broader trade measures affecting various industries. ​

Implications for Your Projects

If implemented, these tariffs are expected to increase the cost of imported lumber, which may lead to higher overall construction expenses. In anticipation of the tariffs, lumber futures have already experienced significant price increases.

Recommendations

To mitigate potential impacts on your projects:

• Plan Ahead: Consider purchasing necessary lumber supplies before April 2 to avoid possible price hikes.​

• Budget Adjustments: Review and adjust your project budgets to account for potential increases in material costs.​

• Stay Informed: Keep abreast of developments regarding trade policies and tariffs to make informed decisions.​

We understand that these changes may pose challenges, and we are committed to supporting you through this period of uncertainty. Please feel free to reach out with any questions or for further assistance.