Quote:
Originally Posted by Hehe
Any idea what "auxiliary cost" are we talking?
Because from the chart Supafamous posted, it doesn't seem to add up as 168.82/m2 is about 15/sqft.
And if AB is able to sell a SFH for 700k and still make a profit, something is seriously wrong here.
Basically, the cost of a SFH today in YVR, just the building cost alone is 1M for a simple house, and that's not accounting for the land cost. There's no way we could ever have affordable housing if the cost per sqft is 350+ just to build and maybe another 200/sqft for land acquisition.
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All those costs I outlined on the last page, the development fee, hydro etc.
The problem with the hydro and Telus underground infrastructure is you really have no idea how much it will ultimately cost until it’s been designed for your project, you could be at framing stage before you know the final bill