Commodities, shipping, permits driving up property prices

Maison D’etre Design Build owner Rob Capar’s company has won many awards for its home renovation work | Rob Kruyt

Vancouver homes have steadily risen in price in recent decades regardless of economic conditions or new taxes governments institute to curb market speculation. 

There is reason to think that will continue.

COVID-19 has caused factories in Asia to temporarily close, crimping global building-product supply chains. Strong global demand for construction materials has also caused shortages.

More than three-quarters of B.C. construction businesses are experiencing supply chain challenges, according to an Independent Contractors and Businesses Association (ICBA) survey of its members earlier this month.

Commodity prices for raw materials such as lumber are

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