Amid the U.S.-Canada trade war, CBC’s Chris Glover looks into what impact the tariffs could have on the GTA’s housing market. One local building association says the economic uncertainty could lead to fewer homes being built.

Trump imposed tariffs against Washington’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin. Just after midnight, Trump put 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy.