Atlantic Canada Businesses Hurt by Tariffs to Receive $80M in Federal Support

Atlantic Canada Businesses Hurt by Tariffs to Receive $80M in Federal Support
News| September 14, 2025| Monte Stewart
Canada + Apartment Buildings

Maritimes businesses hit hard by tariffs will receive $80 million in federal support, Prime Minister Mark Carney announced.

The move has widespread commercial real estate implications, particularly in the industrial sector. The funds will come from Ottawa’s new Regional Tariff Response program, which provides $1 billion to small-and-medium-sized companies impacted by U.S. President Donald Trump’s hikes on imports to the U.S. from Canada.

RTRI aims to help the businesses diversify their markets, generate new revenues and adopt new technologies to boost competitive case. In Atlantic Canada’s case. The program is also designed to help SMEs modernize their operations, protect jobs and unlock new growth opportunities domestically and internationally, accorder to a government news release.

In Atlantic Canada, industries slated to receive RTRI funds include the seafood, manufacturing and steel sectors.

Other News

Harrison Street Asset Management, Harbert Management Corporation Form Seniors Housing Partnership

Chicago & Midwest

Harrison Street Asset Management and Harbert Management Corporation’s South Bay investment team have announced a joint venture to develop two senior housing communities in Pasadena, California and Potomac, Maryland.    The Palmer in Pasadena and The Belle Mare in Potomac are designed to add 80 and 94 units to their respective communities. Together with projects already under...

Learn more

Refinancing Multifamily Borrowers Face 41% Increase in Interest Rates

Apartment Buildings

Multifamily borrowers with maturing loans face a significantly higher interest rate environment to refinance, with Newmark reporting a 41% increase in interest costs. Loans maturing in the third quarter of 2026 carried an average interest rate of 4.04%, compared with the current 5.69% for new loans. At the same time, cap rates have averaged 5.5%,...

Learn more

Seattle Social Housing Developer to Buy West Seattle Apartments for $68M

Seattle & Northwest + Apartment Buildings

The Seattle Social Housing Developer (SSHD) announced its second acquisition, a six-story building with nearly 200 homes in the heart of West Seattle.  The Developer’s Board approved the acquisition, and SSHD plans to buy Youngstown Flats for about $68 million. In addition, the current owner of Youngstown Flats recently allowed an affordability program to lapse...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up