Cost escalation in construction

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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.

Transcript:

Transcription Incoming.

Report Transcription errors by emailing production@chly.ca.

Guests:

  • Bill Sims - General Manager, Engineering and Public Works, City of Nanaimo

  • Rory Kumala - CEO, Vancouver Island Construction Association

Program Team:

  • Joe Pugh — Host and Producer.

  • Jesse Woodward — Executive Producer.

  • Arbie Fru — Technical Assistance.

Theme Music:

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Joe Pugh