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Commercial property construction costs could rise sharply in coming years

Infrastructure projects and labour pressures expected
The cost of construction is expected to rise in Canada as government entities compete for labour. (CoStar
The cost of construction is expected to rise in Canada as government entities compete for labour. (CoStar
CoStar News
August 5, 2026 | 12:35 P.M.

Canadian commercial real estate developers could soon face a sharp increase in construction costs as demand for labour and materials grows across the country.

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News | Commercial property construction costs could rise sharply in coming years