Building construction prices on the rise
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AI Article Summary
Building construction costs in Canada are rising, with residential costs up 1% and non-residential costs up 1.6% in the second quarter of 2025. This increase is partly attributed to American and Canadian tariffs, which have affected material prices and availability. Skilled labor shortages are another contributing factor, leading to higher labor rates and project delays. Quebec saw the highest rise in construction costs, driven by wage increases.