- Trade apprenticeship (usually carpentry)
- Paid; usually under $5,000 out of pocket
- Or a construction management diploma or degree
- $6,000 to $40,000 total
- Starting the business
- Incorporation, insurance, workers' compensation registration, bonding: several thousand dollars up front
- Builder licence to build new homes
- For example $600 for a new Alberta licence, plus warranty enrolment per home; similar licences in Ontario and British Columbia
Roughly, all in
$6,100 to $48,000
Tuition, fees, exams and kit. Not rent, food or travel
The low end is coming up through a paid carpentry apprenticeship, where out of pocket costs stay under $5,000, then registering a business and buying the required insurance and workers' compensation coverage. The high end is a construction management diploma or degree paid for up front, a fuller business setup with incorporation and bonding, and a new home builder licence, which runs about $600 in Alberta with similar licences in Ontario and British Columbia. What neither number captures is cash flow. Contractors pay trades and suppliers weeks before clients pay them, so a new company needs money in the bank or a line of credit well beyond these figures.
The real cost is cash flow. Contractors pay trades and suppliers before clients pay them, so a new company needs money in the bank or a line of credit.