{"id":8500,"date":"2018-03-13T11:11:57","date_gmt":"2018-03-13T18:11:57","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8500"},"modified":"2018-03-08T10:50:57","modified_gmt":"2018-03-08T18:50:57","slug":"vancouver-has-highest-construction-costs-in-canada","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/03\/vancouver-has-highest-construction-costs-in-canada\/","title":{"rendered":"Vancouver Has Highest Construction Costs in Canada"},"content":{"rendered":"<p style=\"text-align: justify;\">A high-quality 2,000 sqft detached house would cost up to $460,000 in hard construction costs to build in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary or Halifax, the cost would run around $300,000, according to the Altus Group\u2019s Canadian Construction Cost Guide 2018.<\/p>\n<p style=\"text-align: justify;\">Commercial construction costs are not as out of line, but are slightly higher in Vancouver than in the rest of Canada.<\/p>\n<p style=\"text-align: justify;\">For example, the hard construction cost for a Class A 5-to-30 story office building in Vancouver ranges from $270 to $340 per sqft. This compares with $220 to $290 sqft foot in Calgary and Edmonton. The price for such an office building in Toronto ranges from $210 to $315 per sqft, according to Altus.<\/p>\n<p style=\"text-align: justify;\">Industrial and retail buildings are slightly more expensive to build in Vancouver than in other major cities.<\/p>\n<p style=\"text-align: justify;\">The annual Altus construction cost report, released in January, also shows that prices for quality custom-built houses are much higher in Toronto or Vancouver than anywhere else in Canada. For example, a high-end custom house in Toronto has per sqft construction costs of $900 per sqft and it reaches $1,000 per sqft in Vancouver. This compares with Montreal, at a maximum of $700 per sqft, and Halifax at $600 per sqft.<\/p>\n<p style=\"text-align: justify;\">The price spread is also pronounced in the condominium sector.<\/p>\n<p style=\"text-align: justify;\">In Vancouver, for example, Altus Group says construction costs for a higher-quality four-storey, wood-frame condo building would peak at $250 per sqft. This compares with $195 per sqft in Toronto and $175 or less in nearly every other city in the country.<\/p>\n<p style=\"text-align: justify;\">The Altus cost estimates are for hard construction costs only and do not include land values, or any of the soft costs, including profit, associated with completing a project. Altus did not provide an explanation why construction costs would vary from one jurisdiction to another.<\/p>\n<p><a href=\"https:\/\/biv.com\/article\/2018\/03\/vancouver-has-highest-construction-costs-canada\" target=\"_blank\" rel=\"noopener\">Vancouver Has Highest Construction Costs in Canada<\/a> by Western Investor | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A high-quality 2,000 sqft detached house would cost up to $460,000 in hard construction costs to build in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/vancouver-has-highest-construction-costs-in-canada\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8500","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vancouver Has Highest Construction Costs in Canada &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/vancouver-has-highest-construction-costs-in-canada\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Has Highest Construction Costs in Canada &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"A high-quality 2,000 sqft detached house would cost up to $460,000 in hard construction costs to build in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/vancouver-has-highest-construction-costs-in-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/vancouver-has-highest-construction-costs-in-canada\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Vancouver Has Highest Construction Costs in Canada\",\"datePublished\":\"2018-03-13T18:11:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/vancouver-has-highest-construction-costs-in-canada\\\/\"},\"wordCount\":311,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/vancouver-has-highest-construction-costs-in-canada\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/vancouver-has-highest-construction-costs-in-canada\\\/\",\"name\":\"Vancouver Has Highest Construction Costs in Canada &#8226; 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