How rising costs impact construction – and what to do about them
The pandemic caused construction material shortages and their prices to skyrocket as a result. Despite the recent decrease in softwood lumber price, we expect construction costs to remain high. Here are two videos that highlight what to expect in the coming months.
In the first video, Sebastien Pouliot, Principal Economist at FCC, shares data about the rising prices for construction material.
In this second video, Robert McDonald, Senior Appraiser at FCC, discusses the impacts of rising costs on construction projects and strategies for dealing with them.
For more tools to help you manage your build with confidence, check out this article on starting a construction project.
Robert McDonald, Senior Appraiser
Sébastien is a Principal Agricultural Economist at Farm Credit Canada. Prior to joining FCC in 2019, Sébastien was an associate professor of economics at Iowa State University. He has also been involved as an expert in trade disputes at the World Trade Organization, notably supporting Canada and Mexico over U.S. country of origin labelling (COOL) for beef and pork. Sébastien has a PhD in agricultural and resource economics from the University of California, Davis, and was an editor of the Canadian Journal of Agricultural Economics from 2016 to 2019.