The worst time to renovate?

Magazine Proprio

Corinne Laberge - The market of home renovation exploded in 2020 and landlords' intentions point to a similar scenario, if not even a greater demand this year. In theory, this sounds like great news for the maintenance of rental housing stock and the order books of local contractors. However, in practice, a chain reaction of elements - including the shortage of materials and the significant increase in their prices caused in part by the pandemic - combined with the scarcity of labor in the construction sector, contributed to what the president and CEO of the Quebec Association of Hardware and Building Materials, Richard Darveau, does not hesitate to describe as a "perfect storm".

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