Now that a 25% tariff on lumber from Canada is looming, will this cause crazy wood pricing to return? To some extent, that is very probable, and here’s why. In 2024, our country got about 72% of its lumber from its own forests. The rest was imported from various countries, especially Canada, from which we purchased 28.1 million cubic meters last year. Canada accounts for 84.3% of all softwood lumber imports. …While it might be possible to switch to importing more lumber from other countries, none has Canada’s large production capacity. Also, supply chains — especially for lumber — are complex and costly to change, says Frederik Laleicke, at NC State University. …As long as demand for lumber doesn’t drop, a 25% tariff on Canada will likely make lumber—and therefore new houses and renovations—more expensive since US companies will raise the price of Canadian-sourced lumber to compensate for the tariffs.