CMHC tracks housing starts and construction costs across Canada, and labour terms are one input into what a new home actually costs to build, which in turn affects how new-construction pricing competes against resale listings in a city like Saskatoon.
Joel Dyck, a REALTOR® with Real Broker SK Ltd. in Saskatoon, points out that most residential construction here is not built under a project labour agreement at all; they show up far more often on hospitals, schools and major infrastructure than on a typical Saskatoon home.
Get your hand-reviewed valuation from Joel Dyck.