Record high inflation, material, and labor shortages and ever-rising demand to complete a home improvement projects are all strong contributors to on-going price increases. If a busines doesn’t keep up with this trend it won’t be long until it finds itself in receivership. We are dealing with all of the aforemntiend circumstances on a daily basis and do our best to keep costs down and affordable to our customers.
Prices of raw construction materials almost doubled in the past year alone. We encourage you to read the stats online. We have included one for you below: https://canada.constructconnect.com/canadata/forecaster/economic/2022/01/double-digit-percentage-cost-increases-for-construction-materials-persisthttps://www.rcinet.ca/en/2020/09/24/huge-jump-in-lumber-costs-means-more-expensive-homes/
The cost of construction lumber has spiked considerably – in some cases up to 100 per cent.
All other materials got affected by it as it correlates with the aforementioned supply and demand. The recent pandemic played a fundamental role in this trend
This is the reality of the market state to date
Nevertheless Alta Home strives to keep consumer costs at a minimum, even if it means slashing margins as we do recognize the difficulty everyone is going through these days and the need for the services
