December 29, 2020, by The Canadian Press
Consultants at the international consulting firm, BTY Group says it predicts construction costs will rise 3% to 5% in 2021 for Ontario, British Columbia, and Quebec, with lower spending levels in Alberta and Manitoba amid new restrictions from the COVID-19 pandemic.
BTY estimates that construction costs in Saskatchewan and Atlantic Canada could be flat or rise to 2%, as low interest rates offset rising oil and lumber prices.
Their report also says government stimulus spending could help the construction industry find its footing this year.
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