Canada is planning to install 100,000 fiberglass walls by 2020 and has invested more than $100 million in its $20 billion fiberglass industry.
But a federal report says the walls will cost at least $1,300 each.
In the U.S., the cost of a fiberglass wall could be $8,000 each, according to the Federal Communications Commission’s report.
The FCC’s report says it expects that to jump to more than double in the next few years.
That could be the biggest cost drivers in the industry, and one of the most pressing for consumers.
“The more you have that investment, the more your product will benefit,” said Brian Schulz, chief technology officer of Fido Fiber, the company that makes the fiberglass.
“It will have an enormous impact on our business and it will help our ability to grow.”
The cost of fiberglass is also rising.
Fiberglass is the most commonly used material in the world, with the average home costing about $2,200 to $3,200.
That’s a big jump from the $1 a foot fiberglass that was first made in the 1930s.
It is still cheaper than most other types of building materials.
Fiber has been used for years to build walls, but a report by the U,S.
Geological Survey in 2017 said that cost could climb to $10,000 per foot of fiber.
In 2017, the cost to build a fiber-optic wall rose from $2 per foot to $6.60 per foot.
The federal government says the price is still far below the cost for a new home.
“We’re seeing an industry boom right now,” said Fido spokesman Mike Balsillie.
“That’s not going to be sustainable forever.”
The federal agency said it was working with the Canadian government to come up with ways to save the industry.
“Canada’s commitment to investing in this industry is evident in the fact that its investments in fiber-based building materials have exceeded those of its Canadian competitors,” said the report, which also found that Canada has the largest number of fiber-framed homes per capita in the country, at more than 5,000.
“This is not only the largest fiberglass market in the Americas, but Canada is the world leader in the number of new fiberglass projects in 2020.”
Canadian Prime Minister Justin Trudeau has promised to help solve the industry’s cost problems by offering incentives to help businesses start construction of new homes, but has not set a target for that.
Federal and provincial governments are also considering more support, with Saskatchewan and British Columbia setting a goal of building 3 million new homes over the next decade.
The report also said that if the federal government did not provide the fiber, the Canadian industry would face another major challenge: “If we cannot reach a competitive price with the U., we will need to develop our own competitive solution.”