JLL industry survey reveals tariff impact not ‘as great as feared – thus far’
AI Article Summary
JLL's first annual Canadian Industrial Demand Survey examines the impact of tariffs across Canada’s largest industrial real estate markets. The report identifies significant uncertainty stemming from tariff discussions but notes the actual impact has not been as severe as initially feared. Key markets analyzed include Toronto, Montréal, Vancouver, Edmonton, Calgary, and southwestern Ontario.
What This Means for Canadian Contractors
For Canadian builders, this means they should continue to monitor tariff dialogues closely as they could influence pricing and supply chain logistics. Although the impact has been lighter than anticipated, maintaining flexibility in sourcing materials is crucial. Developers may find opportunities in adapting to changing market conditions amidst lingering uncertainty.
