Tariff fears are raising construction costs by up to 20%, says Related Group CEO

Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group.

Mar 21, 2025 - 17:36
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Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group.