MarginsThe 2022 Altus cost guide is out today.
Construction costs for wood frame row townhouses in Vancouver are $135 to 210 a foot.
Single detached, 150 to 275.
Archer Green prices for the larger 1500 sp foot units are thru 800k
Using a conservative 200 a foot, the margins are huge.
Guess is 250k plus per door.
If you start to think down line. MPC will be cashing flowing many tens of millions from Silverdale per year. For a horizon longer than I expect to live.
Management have been smart investors and allocating funds, MPC will be an even faster compound growth machine.
Priced below book, not a complex buy in these times of market volatility.
Good for your grand kids.