{"id":5207,"date":"2018-03-15T10:33:05","date_gmt":"2018-03-15T17:33:05","guid":{"rendered":"https:\/\/lindaqin.com\/?p=5207"},"modified":"2018-03-19T14:23:39","modified_gmt":"2018-03-19T21:23:39","slug":"vancouver-highest-construction-costs","status":"publish","type":"post","link":"https:\/\/lindaqin.com\/en\/blog\/vancouver-highest-construction-costs\/","title":{"rendered":"Vancouver Has Highest Construction Costs in Canada"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]A high-quality 2,000-square-foot 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

Commercial construction costs are not as out of line, but are slightly higher in Vancouver than in the rest of Canada.<\/p>\n

For example, the hard construction cost for a Class A five-to-30 storey office building in Vancouver ranges from $270 to $340 per square foot. This compares with $220 to $290 per square foot in Calgary and Edmonton. The price for such an office building in Toronto ranges from $210 to $315 per square foot, according to Altus.<\/p>\n

\"\"Industrial and retail buildings are slightly more expensive to build in Vancouver than in other major cities.<\/p>\n

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-square-foot construction costs of $900 per square foot and it reaches $1,000 per square foot in Vancouver. This compares with Montreal, at a maximum of $700 per square foot, and Halifax at $600 per square foot.<\/p>\n

The price spread is also pronounced in the condominium sector.<\/p>\n

In Vancouver, for example, Altus Group says construction costs for a higher-quality four-storey, wood-frame condo building would peak at $250 per square foot. This compares with $195 per square foot in Toronto and $175 or less in nearly every other city in the country.<\/p>\n

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.
\nWestern Investor<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

A high-quality 2,000-square-foot detached house would cost up to $460,000 in Vancouver. In Toronto, this house would cost $420,000, and in Montreal, Calgary or Halifax, the cost would run around $300,000<\/p>\n","protected":false},"author":21,"featured_media":5209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5411],"class_list":["post-5207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-construction"],"_links":{"self":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts\/5207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/comments?post=5207"}],"version-history":[{"count":0,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts\/5207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/media\/5209"}],"wp:attachment":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/media?parent=5207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/categories?post=5207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/tags?post=5207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}