New home construction costs
As many of you are probably aware, building material costs have skyrocketed over the last year in Canada due to Covid. We purchased a building lot in BC (Vancouver Island) in December 2020, with the plan to be in the new house by December 2021. Now we are considering delaying the build altogether with building costs at all-time highs, but are unsure if prices will begin to drop this year...or next...or never...or some materials will drop but others will continue to rise. Just curious if anybody has some insight to provide in what trends they've been seeing recently when it comes to construction costs.
From our builder yesterday:
And we are still waiting on a lumber quote based off our initial design, but I am expecting it to be quite high.
From our builder yesterday:
- OSB is now double what it was this time last year
- Plywood up 150% from last year
- Doors and drywall up 30%
- MDF trim up
- 1" PDF (for door headers) has gone from $2.20/sq foot to $3 in the last month
And we are still waiting on a lumber quote based off our initial design, but I am expecting it to be quite high.