Construction is about to get a whole lot more expensive for those who live in Alberta.
The province announced Wednesday that it is reducing the allowable cost of building on the Fraser River by more than a third.
The cost of a $1.3-million roof will go from $600,000 to $450,000.
It also lowered the allowable costs of new structures to $500,000 from $650,000, meaning those who have a $100,000 roof could save an extra $300,000 over the next three years.
The new rule also lowers the allowable building cost per square foot for new structures from $2,000 for small to $1,000 in new developments, for new homes and for new businesses.
“There’s a big cost impact to the average person who is building a home, but the new rules for a lot of buildings, we’re going to have to change the way we’re doing it,” said Alberta Premier Alison Redford.
“We’re going back to the basics.”
In Alberta, building codes are enforced on a case-by-case basis, and those with existing permits can use the lower allowable cost guidelines to build.
That means the rules will likely come in handy for those looking to save on construction costs.
However, some people say the new cost rules are a step too far.
“It’s not a good thing.
It’s like a hammer to the head,” said Rick Wilson, owner of Wilson Construction in Red Deer.
“The whole process of building a new home is going to cost more. “
There’s a lot more work involved. “
The whole process of building a new home is going to cost more.
There’s a lot more work involved.
It takes more money.”
With files from The Canadian Press