2023 Canadian Cost Guide – What changed, what to look out for

Altus Insights Podcast Series

David Schoonjans, Senior Director of Altus Group’s Business Intelligence group, joins Marlon Bray to discuss the recent release of the 2023 Canadian Cost Guide, an annual guide providing a view of construction costs in local markets across Canada broken down by building type. Marlon and David cover the purpose of the Canadian Cost Guide, how it differs from previous editions and tips on how to best use it.

Mentioned in this episode:

Guide: 2023 Canadian Cost Guide

Report: Cost escalation report

Service: Construction cost analytics

Panelists in this episode:

• David Schoonjans is a Senior Director at Altus Group and currently leads the Cost & Project Management business unit’s Business Intelligence group. David and his team are responsible for leveraging systems and technology to aggregate and anonymize structured construction data utilized by the business unit to provide cost estimating, loan monitoring, and project management services for approximately 1,300 engagements across Canada annually. Databases managed by David’s team currently include thousands of projects, representing several hundred billion dollars of construction value.

• Marlon Bray is the head of Altus Group's Ontario pre-construction and contract administration services as part of the Cost and Project Management team. With over 25 years of experience, specializing in budgeting, value optimization, and providing visibility on risk through the entire lifecycle from early due diligence through to completion. Marlon oversees a team that leads the way with cutting-edge estimating technology and data analytics, bringing a greater level of transparency, and added value to all projects he is involved with.

Key topics:

· 01:07 – What is the Canadian Cost Guide?

· 07:13 – What are some of the key changes in this year’s guide?

· 10:17 – Perspectives on Stats Canada cost data

· 14:58 – Are there plans to expand the Canadian Cost Guide

· 19:05 – Tips on how to use the 2023 Canadian Cost Guide

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