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Prince George home builder
September 5, 2023

Prince George home builder sees housing construction crisis ahead

The price of building materials has skyrocketed, mortgage rates continue to increase and new building codes to raise energy efficiency and reduce greenhouse gas emissions are adding to the cost of building a new home.

“It’s going to be a real mess coming up soon,” said the Creuzot Homes owner. “We’re facing so many challenges it’s not even funny. From accessibility to money – banks are ignorant to deal with at times, they’re not easy to help out the building community at times. Every time I go to the wholesaler or lumber yard there’s cost increases that we incur that have to be passed on to the homeowner. It’s kind of gotten carried away.”

As a general contractor lining up work performed by tradesmen, there’s always uncertainty for Cruezot when he starts a building project because he never knows what the final bill for that work will be.

“You get a price today and it’s only good for 14 days,” he said. “They don’t even know what the price is going to be like tomorrow, so some of these trades don’t want to give you prices.”

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