Altus 2023 Canadian Cost Guide

The Canadian construction and development industry encountered major obstacles in 2022, including supply chain disruptions, cost increases, and higher interest rates. Despite these challenges, positive factors such as strong demand from high immigration, growing targets, and ongoing projects provide encouraging signs. Additionally, the outlook for construction cost stability is improving. However, it is crucial to draw lessons from past experiences and maintain up-to-date budgets and pro formas to mitigate risk during uncertain times. Understanding construction costs is essential for navigating potential difficulties. This data is based on 5,096 projects covering 1,246 million square feet valued at $358 billion.

Check out Altus’ full guide as a pdf.

DISCLAIMER: This information is for educational and informational purposes only and should not be considered as investment advice. Any investment decision should be made based on your own research and analysis. You should consult with a financial advisor or other professional to determine what may be best for your individual needs and risk tolerance. We encourage you to do your own research before making any investment decisions. Investing involves risks, including possible loss of principal.

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