Article https://dailyhive.com/vancouver/bc-designs-small-scale-multi-unit-homes
Government announcement https://news.gov.bc.ca/releases/2024HOUS0164-001430

Felt this gave an interesting look at the cost to build housing. Note that this is for low density housing, concrete buildings with elevators, common areas, and amenities likely cost more. Cost of the land, soft costs, etc are not included. Also estimates assume cities pre-approve these designs instead of requiring them to go through the expensive permitting process.

So at the middle of the two averages adding on 30% soft costs we're looking at $1.473 million to build a 2500sqft house in Vancouver before the cost of land. Feel free to correct me if I'm wrong as that math seems high.

Assumptions

1. Estimate created from floor plans

2. No soft cost included in budget

3. Utility connections not included

4. No existing house or buildings.

5. Rock blasting or shoring is not required.

6. Gravity-fed storm and sewer systems.

7. Roof area assumed to be 20% larger than the largest level floor area.

8. Pad mounted transformers (PMT) or electrical upgrades not calculated.

9. This cost estimate is assuming Vancouver as the base case geographical location as it is the location that we are most familiar with. Cost adjustments based on geographical location are covered in the Regional Review section.
https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/construction-industry/building-codes-and-standards/reports/bc_std_des_class_d_estimates_v1.pdf