Quote:
Originally Posted by Monahammer
It might not be what's setting the high price, but it is what defines the floor price of new builds. If a plot of serviced land costs >100k to service and prepare, then building materials and labor for the style of house are >150k, you're already pretty close to unaffordable for a lot of Canadians.
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I don’t dispute that. A lot of Canadians can’t afford a $500k house price, let alone the $800k+ that new builds can go for. However the building costs are only a partial aspect to the entire picture, and one I think lately is becoming even more minimized when compared to the final all-in price.