About This Publication
Following a tumultuous year for construction costs, 2023 will provide some reprieve for property owners with cost increases beginning to flatten. Having said that, it’s important to keep expectations in check: costs won’t be decreasing, but increases will be less severe than what we witnessed in 2022.
What’s Inside
- Cost increase predictions for 2023
- Tight labour markets, high cost of materials, and restricted supply chain consequences
- The effects of inflation and interest rate hikes on the housing market
- Considerations to make when selecting an insurance appraiser