2021 Construction Cost Guide

  • 3 years ago
  • 1

Altus Group provides a yearly construction cost guide for residential, commercial and industrial developments.

The following is an overview of the private sector price per square foot for residential developments:

The construction industry showed its resilience and performed well in 2020 (all things considered), but even with the vaccination roll-out, we aren’t out of the woods yet. Construction sites being locked down or not at full capacity, the global supply chain being somewhat broken, and a recession, will undoubtedly have long-term impacts on construction costs throughout 2021 and beyond.

Having a current and accurate understanding of these costs will be imperative to help manage development risk and navigate through the uncertainty to protect your project returns.

SOURCE: Altus Group

Download the full 2021 Canadian Cost Guide

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