69
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
15 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] MacroCyclo@lemmy.ca 9 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 4 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
69 points (98.6% liked)

Canada

7185 readers
355 users here now

What's going on Canada?

Communities

๐Ÿ Meta

๐Ÿ—บ๏ธ Provinces / Territories

๐Ÿ™๏ธ Cities / Local Communities

๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

๐Ÿ’ป Universities

๐Ÿ’ต Finance / Shopping

๐Ÿ—ฃ๏ธ Politics

๐Ÿ Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca