Kevin O’Leary Says, ‘Prices Aren’t Going Down!’ Eggs, Energy, And Housing Remain ‘Sky-High,’ But He Thinks It’s Part Of A Bigger Strategy

Kevin O’Leary, also known as Mr. Wonderful, is speaking directly as always. In a recent post on X, the investor and “Shark Tank” star said, “Prices aren’t going down! Eggs, energy, housing—all still sky-high.” And now, with tariffs on Mexico and Canada, things could get even more expensive.

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O’Leary warns that tariffs could make an already tough housing market even worse. “Lumber prices up, housing even more expensive,” he posted. He explains that if tariffs are placed on Canada and Mexico, it would drive up the cost of lumber, which is a key material for home construction.

According to O’Leary, the lumber industry isn’t in a position to quickly adjust. “The lumber industry just yesterday and today said, ‘Look, we can’t make up this capacity for at least four to five years,’” he said. That means even if demand remains steady, prices could stay high for years to come.

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O’Leary also points out that Canada is at a disadvantage in these negotiations. With the federal leadership in limbo, provincial leaders from Ontario, Alberta, and Saskatchewan are scrambling to handle trade talks in Washington. These provinces are especially affected because they are key players in trade, particularly in the energy sector.

Despite the immediate concerns, O’Leary believes this is part of a long-term strategy to bring more investment back to the U.S. “These are volatile times,” he admitted. However, he sees the negotiations as part of a push to “get back more investment into the U.S. and a balance on trade imbalances, country by country by country.”