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Cost escalation in construction S3E80

Cost escalation in construction

As Nanaimo maps out potential big builds over the next few years, it faces rising construction costs. A South End Community Centre, upgrades to the public works yard and a new RCMP detachment are all under consideration at over the coming years. At the same time, the cost of construction nationwide has risen more sharply than inflation since 2017 per statistics Canada. One source we’ll hear from today said costs are rising as much as one or two percent a month. Midcoast Morning explores the phenomenon, and how it impacts the city’s plans.

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As Nanaimo maps out potential big builds over the next few years, it faces rising construction costs.

A South End Community Centre, upgrades to the public works yard and a new RCMP detachment are all under consideration at over the coming years.

At the same time, the cost of construction nationwide has risen more sharply than inflation since 2017 per statistics Canada. One source we’ll hear from today said costs are rising as much as one or two percent a month.

Midcoast Morning explores the phenomenon, and how it impacts the city’s plans.


Creators and Guests

Joe Pugh
Host
Joe Pugh
Joe Pugh is host and producer for Midcoast Morning, and is a journalist with CHLY 101.7FM's Nonprofit Newsroom Project.
Jesse Woodward
Editor
Jesse Woodward
Executive Director/Host/Producer at @chly1017fm in Nanaimo. Audio Editor at Politicoast. He/him/they/them. Millennial and anti-dystopian. Posting on the Salish Sea from the traditional territory of the Snuneymuxw. 🚲📻🎧📷www.chly.ca

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