Latest / The Canadian Real Estate Investor
Are Construction Costs Killing Real Estate ?
In today's environment, there are numerous obstacles to new commercial real estate development opportunities. These include escalating borrowing rates, stricter banking regulations, increasing insurance costs, and geopolitical risks, among others. Additionally, a significant constraint to development is the rising cost of construction.
Key building materials like concrete and structural steel have gone up by 55% and 53% respectively since Q1 2020
We have a massive skilled trades shortage, for example only 455 skilled trades came in out of 500k new immigrants
Solutions for investors
If you…
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