The difference between building a house in surrey vs vancouver is about 300% more permits and inspections required.
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Originally Posted by stylez2k4
One aspect of the housing bloom I don't get is why construction cost so high? The cost to build a house in Vancouver is more than what it would cost to buy something similar in another city with land. I've heard figures in the 400-500K range for a 3000-4000FT2 home.
There isn't any constraints on labour and capital for construction that I can think off that can explain the high price. Unless the cost of living in Vancouver is high enough to dissuade builders to come from other parts of Canada and US.
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