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1 in 5 homebuilders are nixing projects amid high rates. Here are your rights (globalnews.ca)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
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More Canadian developers are slowing their pace of building or nixing projects completely. Here's what you need to know about your rights if you bought a pre-sale home.

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[-] MacroCyclo@lemmy.ca 8 points 1 year ago

I mean, it's the price of land that went up. The house will always cost the same to build. It still sucks that the person owning that land and the one making commission selling it is making bank, but changes in housing prices (especially the ones that are already built and just sitting there) won't usually translate into higher construction salaries.

[-] MrFlagg@lemmy.ca 5 points 1 year ago

The house will always cost the same to build.

yes largely its the price of land but lumber prices are insane. 1 sheet of OSB is like 50 bucks. 2x6x12 is 15. not to mention copper prices for all the wiring

this post was submitted on 18 Aug 2023
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