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The impact of recent U.S. tariffs on the Northern Ontario housing market remains uncertain. Local officials in Timmins note that while some predict an increase in building costs due to higher prices for construction materials, the full effects of the trade war are still unclear. The market may see limited supply and rising demand as people seek affordable housing options in smaller towns, but any long-term consequences are difficult to forecast.

Some experts believe that as construction costs increase, local housing prices may also rise, potentially making it harder for residents to afford homes. Additionally, the disruption in trade might affect the overall economy, further complicating the housing market dynamics.

Despite the challenges, local leaders remain optimistic about Timmins' housing market, pointing to the region's appeal due to its natural resources and growing economic sectors. The community's resilience and focus on diversified development may cushion the market against the effects of the trade war.

Read the full article on: CTV NEWS