As multi-residential buildings grapple with rising construction costs, condo managers in Ontario are experiencing the impacts up close.

Construction cost increases are a significant concern if a condo needs to complete work in the next year or so. But the concern isn't just the here and now.

An acute labour shortage, supply chain challenges, price increases and mental health are all top issues for the B.C. construction sector.

Multi-residential construction costs are rising in Canada due to the pandemic’s impact on everything from labour and material costs to shifting supply and demand dynamics.

We spoke with Jeremy Wedgbury of First National to discuss current industry challenges of construction lending and potential financial solutions.