Building material costs set new record

The non-residential construction material price index is at its highest in 40 years, Le Journal de Montréal reports. Last fall’s flooding in British Columbia drove prices up 60 percent, an effect now exacerbated by the war in Ukraine.

“Once [a contract] is signed, we stick to the price,” said Luc Brunelle, a site manager for Leclair Constructions on Montreal’s south shore. “It’s the profit margin that decreases. We absorb the costs.” Brunelle noted that some pros “leave the contract open” to accommodate increases.