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Are Construction Costs Killing Real Estate ?
Description
In today's environment, there are numerous obstacles to new commercial real estate development opportunities. These include escalating borrowing rates, stricter banking regulations, increasing insurance costs, and geopolitical risks, among others. Additionally, a significant constraint to development is the rising cost of construction.
- Key building materials like concrete and structural steel have gone up by 55% and 53% respectively since Q1 2020
- We have a massive skilled trades shortage, for example only 455 skilled trades came in out of 500k new immigrants
- Solutions for investors
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