Comments on: Canadian Real Estate Construction Costs Are Amongst North America’s Lowest: RLB

By: AL

AL — Wed, 12 Jan 2022 23:11:12 +0000

More bad news for people living in the Banana Republic of Canada. Just remember ALL bubbles burst. So when the Canadian Housing Bubble inevitably bursts, the people who find themselves in massive financial trouble will only have themselves to blame. Caveat Emptor!!

By: RB

RB — Wed, 12 Jan 2022 18:27:33 +0000

In reply to Heather. One of the big reasons cities don't want to fix home prices. If home prices fall and they still need $200k per unit, that comes out of everyone else's share. The taxman always gets its money.

By: RB

RB — Wed, 12 Jan 2022 18:26:04 +0000

In reply to Jim.

Why would the company we hire to consult on projects try to make a political point on the opposite issue? We us RLB to price out our builds. Costs are similar to Altus group estimates, so this whole thing must be a conspiracy against the people that pay to build homes?

Gravel is a good example. Guys are doing 3-4% increase, vs 10-20% increase in the US. Labor is tight, but Canadian labor has always been cheaper than American labor. Especially when you’re talking about union.

You also have to keep in mind $10 in Canada is $7 in the US. If you’re doing straight conversions on a 1 for 1, then yes it’ll be expensive. But there’s a reason developers in Vancouver started to focus on LA and Seattle.

By: Jim

Jim — Wed, 12 Jan 2022 13:47:53 +0000

What nonsense. Seems like this is a manipulation of data to make a political point. Anyone in the building industry knows that first off we get lower grade product than say the US and secondly we pay much more per item than the US. I’m speaking from genuine experience versus propaganda.

By: Alex

Alex — Tue, 11 Jan 2022 15:13:07 +0000

This isn’t a surprise. I’ve been shocked over the years at how many multimillion dollar homes are being built cheaply with pressed wood . We don’t have any standards in place that builders have to use quality materials so they use low quality ones to boost their profit margins

By: Heather

Heather — Tue, 11 Jan 2022 03:06:59 +0000

Yes, Vancouver has been sticking it to new builds for a long time. Even a laneway will be $100,000 in fees, and not a shovel in the ground. Thank you for showing how this ‘works’ or doesn’t.