LUMBER FACTORS IN NEW HOME BUILD

The cost of building a new home in Canada has more to do with labour prices than any material used in the home.

Members of the WRLA broke down the average bill of a brand-new build in Canada and found that direct lumber material costs make up only about 4 per cent of a new home’s price. Meanwhile, the largest line item is labour, at about half of the home’s cost. It’s important to keep things in perspective. Many new homes that are being built are large houses, but the proportion of the bill that’s lumber is relative.