Condo renovation industry sees huge potential hit from U.S. tariffs

As trade war talk continues to simmer, Canada’s plan for retaliatory tariffs could have an immediate and negative impact on this country’s condominium owners, who are unusually exposed to U.S. exports of some key goods.

“Our first reaction was panic,” said Samantha Angel, CEO of Folio Interiors, which specializes in renovations and refurbishing the approximately 11,000 condominium buildings across Ontario. “We buy millions of dollars of carpet and wallpaper every year, and we don’t buy any of it in Canada.”