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this post was submitted on 10 Apr 2024
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I'm not certain about your neck of the woods but we were looking at a bathroom reno in BC and the wait lists started at a year out. Now the organizing contractors might have been stiffing the actual labor but the quotes we were getting were quite high.
That's a reno not a new build. Renos can charge like crazy because you're a captive audience, unless you move your only option is them and they set the price.
In new construction the faster and cheaper it goes up the more profit they make per unit.
Cool - but whys the wait list so long. If renos are free money spigots why aren't companies lining up to snatch prospective renoers in a shorter time window. I'm not in this industry but your comment makes no sense - there's a severe shortage of renoers in the lower mainland and tens of thousands of households with book valuations that are all north of a million on paper.
What I found when we were looking for someone to do a kitchen repair/renovation was that most of the contractors didn't want to deal with small jobs.
It wasn't until they heard it was (partially) an insurance job that a few of them became interested.