.altusgroup has published its 2023 Canadian Cost Guide for construction projects containing a brief look back at the most turbulent year in the sector in recent memory.
Altus Group has published its 2023 Canadian Cost Guide for construction projects containing a brief look back at the most turbulent year in the sector in recent memory.
The guide is a snapshot in time as of the January when it is published. Last year started out frantic, said Schoonjans. Evidence that the global supply chain has righted itself comes from the global container index for seaborne freight, Schoonjans said. At one point the cost was over $11,000 per container but it eventually fell to around $2,500 per container.
“Toronto’s problem, it’s just been on a tear for a decade now, it’s hard to keep up,” he said. “It’s just got massive volume.”“It’s about as cheap as it’s ever been. I think 2023 for wood-frame buildings is probably going to be a much more stable year.”
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