In this edition of Road to Recovery with Douglas Magazine, CHEK’s Jasmine Bala sits down with Ryan Goodman, principal and general manager of Aryze Developments.
Those in the construction industry, like many other sectors, have been learning new ways to do their jobs while navigating through the COVID-19 pandemic. One year later, they’re facing a whole new set of challenges.
In the last few weeks, there have been significant changes. The cost of construction is rising, as supplier pricing changes hourly and lumber and steel costs double. Combined with skyrocketing land prices and a lack of skilled workers, the future of the industry is uncertain.
Victoria has one of the least affordable smaller housing markets in Canada, according to the Aryze website. Some of these new costs are being passed onto buyers, making an already unaffordable market harder to get into.
Aryze is “built on a foundation of advocacy,” according to its website, and that includes pushing for affordability.
Goodman explains in this episode of Road to Recovery why costs are increasing, what kind of government support the sector needs, and what people can do to help.
Road to Recovery is done in partnership with Douglas Magazine.