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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**

    For much of the last few years, the price of lumber, wheat, and oil had increased in price due to pandemic restrictions. However, the cost has finally come sliding down alongside many other commodities. For some people this will offer some reprieve as the cost of living has gone soaring. 

    Calgary custom home builder, Mace Moritimer said “lumber prices at their worst were about 300 per cent higher than normal. Now, that was back in March and April of this year. They’ve softened a little bit and have come back down,”

    Besides lumber , oil has dropped substantially as a barrel of crude is down about 20 per cent since June. Jonathon Dridger, a Manitoba-based analyst with LeftField Commodity Research said “two or three months ago, we had crop prices either at all-time highs or very close to all-time highs, depending on the crop.”

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