Proof Point: Soaring Construction Costs Will Hamper Homebuilding Ambitions

June 29, 2023 | Brian Moore


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Canada’s residential construction price index has soared 51% since the start of the pandemic, putting new pressure on home prices amid a severe housing affordability crisis.

RBC Economics Proof Point

Longer-range problems will continue to challenge efforts to expand Canada’s housing stock. Amid construction material supply constraints, governments will need to keep policy in line with the broader goal of improving housing affordability.

 

Click here for the full article; RBC Proof Point.