Not really. Most of the cost of housing is land anywhere it’s expensive. We have the technology to stack dwellings vertically. Where that’s illegal and there’s lots of demand housing is expensive. Otherwise not.

Is construction labor really a big factor in the final selling or rental price of a home?

Apparently labour is ~35% of the cost of a house [1] though I imagine this varies a lot depending on the house being built, type of construction, location etc. Still, seems safe to assume labour is a large part of the cost.

[1] https://www.homebuilding.co.uk/advice/how-much-does-it-cost-...

>Still, seems safe to assume labour is a large part of the cost.

Does it? I've read time and again that land is the largest part of the cost - in any place where cost is significant.

Just to clarify, Im saying labor is a large part of the cost, not necessarily the largest. I agree land is probably a bigger cost in a lot of areas.

Yeah, I would think in a city with a runaway housing market (like Vancouver), it's more like 5%

Idk labor rates have also run away