At BH Elevator Consultants Inc., we work closely with Property Managers, Condo Boards, and Building Owners across Ontario. One trend we want to highlight is how global tariffs—and broader supply chain issues—are increasingly affecting elevator modernization and repair costs here at home.
Many Ontario Property Managers are now seeing modernization project quotes come in significantly higher than just a few years ago. A major reason for this is that key elevator parts and systems are imported, and international trade tensions have directly impacted the cost of those imports.
Here’s how:
U.S. Steel and Aluminum Tariffs:The U.S. imposed tariffs on imported steel and aluminum products several years ago. Canada responded with its own countermeasures. Many elevator components—especially rails, structural frames, and cab shells—use a high volume of steel and aluminum. These tariffs have made both raw materials and finished parts more expensive for Canadian importers.
European Equipment and Inflation:Some high-end elevator systems and parts come from Europe (Germany, Switzerland, Italy). European manufacturers have faced rising costs themselves due to global supply chain disruptions, energy prices, and labor shortages. Those costs are passed along to Canadian buyers.
Freight and Logistics Costs:Even beyond tariffs, shipping costs have increased dramatically since the pandemic. Long lead times and unpredictable freight fees add further pressure on project budgets.
What This Means for Ontario Property Managers and Building Owners
Higher Modernization Costs: You can expect modernization quotes to be 10–25% higherthan pre-pandemic levels, depending on the type of equipment needed.
Longer Lead Times: Delivery of key components like controllers, door equipment, and cab interiors may take up to 6–12 monthsinstead of the traditional 3–6 months.
Budget Planning Challenges:If your reserve fund study or long-term capital plan is more than a few years old, it may underestimate current elevator project costs.
Limited Alternatives:Even switching manufacturers often doesn’t avoid these costs—because almost all suppliers are facing the same international pressures.
How BH Elevator Consultants Can Help
Independent Cost Verification:We benchmark quotes against current Ontario market conditions and flag inflated costs or unnecessary upgrades.
Early Project Planning:We work with Boards and Owners early to define realistic budgets and timelines—minimizing surprises later.
Strategic Recommendations:In some cases, it makes sense to proceed with modernization now to avoid even higher costs later. In other cases, a phased approach might be better. We tailor advice based on your building’s specific situation.
In short:Tariffs, inflation, and supply chain issues are here—and they are already affecting elevator projects in Ontario. Proper planning and independent expert advice are now more important than ever.
If you’re considering an elevator modernization or upgrade, BH Elevator Consultants Inc. is ready to help you navigate these new realities with clarity and confidence.