“Price won’t fall!” said Kevin O’Leary. Eggs, energy and housing remain “high”, but he thinks it’s part of a bigger strategy
Kevin O’Learyalso known as Mr. Weird, speaks directly as always. In a recent article about X, investors and the “Shark Tank” star said, “The price won’t fall! Eggs, energy, housing – are still high.” And now, with tariffs in Mexico and Canada, things may become more expensive.
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O’Leary warned that tariffs could make the already tough housing market worse. “Wood prices are rising and housing is more expensive,” he said, explaining that if tariffs are signed on Canada and Mexico, it will drive the cost of timber, a key material for home construction.
According to O’Leary, the wood industry cannot adjust quickly. “The wood industry yesterday and today said, ‘Look, we’re going to make up for at least four to five years of capacity.’ That means prices may remain high for the next few years even if demand remains stable.
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O’Leary also noted that Canada is at a disadvantage in these negotiations. With federal leadership leading, provincial leaders from Ontario, Alberta and Saskatchewan scramble to handle trade talks in Washington. These provinces are particularly affected because they are major players in trade, especially in the energy sector.
Despite immediate concerns, O’Leary believes it’s part of a long-term strategy to bring more investment back to the United States, “it’s a time of turmoil.” However, he believes the negotiations are part of “a balance of returning more investment in the United States, and a trade imbalance by country, by country.”
