2011 Property Report for Canada
Rising labor rates last year led to an overall increase in reconstruction costs in many regions across Canada — a stark contrast to 2010 when the global recession drove down costs for many building materials and labor rates.
The 2011 Property Report for Canada discusses how the average cost to rebuild changed in each province. It also provides an overview of these key findings:
- The total volume and value of property estimates reported to Xactware in 2011.
- The average value of property estimates broken down by month, loss type, and industry type.
- The year-end median cost to rebuild premium- and economy-quality homes in each Canadian province.
- Rate changes for commonly used construction materials, including lumber, drywall, and carpeting.