Rising construction costs could leave properties underinsured

Rising construction costs could leave properties underinsured

iStock.com/LeoPatrizi Several factors — including ongoing COVID-19-related inflationary effects, tariffs, the industrial carbon tax, and stricter building codes — have converged to push construction costs to new highs.   When combined, the factors materially impact insured values, panellists tell a session at last week’s RIMS Canada Conference in Calgary.  “I had a client that was slated to build a multi-use commercial retail strip mall,” said D…