Quote:
Originally Posted by GGG
Post the data, also you need to smooth the curve for booms and busts because of course its cheaper to build in a downturn than a boom time. Note the costs in my link don't matter as we are talking relative cost as compared to inflation. I am aware that the cost here would be higher.
What skews everything is the last 10 years in Alberta costs have greatly outpaced inflation. This is not sustainable and won't continue in the long term.
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Safety factors have increased the cost of construction significantly. That alone will mean that construction cost increases will outpace inflation into perpetuity.