Rework consumes an estimated 5 to 12 percent of total project cost on the average commercial build, according to research from the Construction Industry Institute and other industry studies, and design errors and omissions account for roughly a quarter of that figure. On a $50 million project, that’s millions of dollars in avoidable cost, much ...
Condominium projects originally designed for sale are converting to rental use across Quebec, adding inventory to a market where vacancy is already rising, and rents are falling. For small landlords who bought properties during the post-COVID boom, these conversions introduce competitors that national housing data does not capture until units are actually listed, according to ...
Montreal’s rental market spent the post-COVID years absorbing a wave of investment capital. Smaller developers and larger companies alike bought properties, renovated them, and listed them in a market where vacancy was low and demand was relentless. That era is over. Vacancy has climbed, prices are falling, and landlords across the province are competing through ...
In an industry where margins rank among the lowest of any major sector when risk is factored in, the process of sourcing bulk construction materials, aggregates, steel, pipe, and cementitious products remains surprisingly primitive. Contractors still rely on phone calls, voicemails, and personal networks to locate basic supplies. McKinsey and others estimate that up to ...
The principal and interest portion of a mortgage payment is simple math, and every online calculator gets it right. It’s the components that actually surprise buyers, property taxes, homeowner’s insurance, and private mortgage insurance, where most tools fall short, often by a wide enough margin to send first-time buyers into a lender’s office with expectations ...
Cross-border real estate investment has long involved a painful irony: money moves digitally in seconds, but property purchases still require travel, intermediaries, and paper. In markets like Pakistan, Saudi Arabia, and Oman, where large diaspora populations routinely send capital home for real estate, the gap between how easily money crosses borders and how difficult it ...
Retail real estate underwriting has relied on foot traffic and mobile location data for the better part of a decade. The logic is straightforward: more visits should mean more sales. But that assumption breaks down more often than the industry acknowledges. The gap between visits and actual purchasing behavior is one that landlords, tenant representatives, ...
For years, offsite and modular construction occupied a familiar position in housing conversations: promising in theory, unproven at scale, and haunted by high-profile failures from the last decade. That position is changing, not because the technology suddenly became viable, but because the economics of conventional construction have deteriorated to the point where developers are actively ...
Most real estate websites still greet visitors with a contact form, a passive tool that asks for information before offering anything in return. That model is increasingly out of step with how buyers actually shop: browsing has shifted heavily into evenings and weekends, attention spans have compressed, and the rise of zero-click search, where consumers ...
You found the house. It is 10:30 on a Tuesday night; you are scrolling through listing photos on your phone, and you have three questions you want answered right now. You fill out a contact form. Nobody responds until the next afternoon. By then, you have moved on, or worse, another buyer has moved faster. ...
Nightly rate compression is no longer a temporary correction in the short-term rental market; it’s a structural condition. Competition has intensified, supply has caught up with demand in many markets, and pricing tools alone cannot restore the margins operators enjoyed four or five years ago. The operators pulling ahead now aren’t necessarily the ones with ...
Home values have climbed steadily in most U.S. markets, but transaction volume remains well below the peaks of 2020 and early 2021. That gap matters more than it might seem: brokerages earn money on deals closing, not on values rising, and when fewer transactions clear, revenue falls even as the cost of running a brokerage ...
Inventory remains tight across much of New York’s Capital Region and surrounding counties. Still, the frantic pace that defined 2020 and 2021 has given way to something more measured, according to Heather Etzel, a Licensed Real Estate Salesperson with Four Seasons Sotheby’s International Realty. Buyers are no longer waiving inspections or bidding blindly against themselves. ...
In almost every industry where technology takes hold, prices eventually fall. Streaming made music cheaper. Digital distribution made books cheaper. Software automation made banking cheaper. But in construction, AI is breaking the pattern – and the people paying for new buildings are the ones left out. The efficiency gains from AI in construction are flowing ...
Construction technology has attracted billions in venture capital on the promise that software and automation would bring costs down. But for owners and developers – the people actually funding projects – costs have continued to climb year over year, even as contractors and subcontractors report real efficiency gains from AI adoption. The gains are real; ...
