Construction in Canada becomes less affordable due to cost of materials amid COVID-19 pandemic

Global News published this video item, entitled “Construction in Canada becomes less affordable due to cost of materials amid COVID-19 pandemic” – below is their description.

The COVID-19 pandemic has caused construction prices to increase like never before, as plywood rose from $45 a sheet before the pandemic to $130, and recently dipped again to about $100 a sheet.

These prices may force consumers either not to buy or renovate their properties, or to delay their projects.

But, as Sean O’Shea reports, this kind of flexibility is not an option for large projects, driving rental or selling prices to increase.

For more info, please go to https://globalnews.ca/news/7986332/canadian-commercial-real-estate-upswing/

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In This Story: Canada

Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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