Q1 Non-residential Building Construction Price Index UP 0.3%

Non Res Construction

 

The composite price index for non-residential building construction rose 0.3% in the first quarter compared with the previous quarter. The increase was mainly attributable to higher material prices.

Of the seven census metropolitan areas (CMAs) surveyed, Vancouver (+0.9%) posted the largest increase, followed by Toronto (+0.7%). Edmonton (-0.6%) and Calgary (-0.2%) reported the only decreases.

Year over year, the composite price index for non-residential building construction was up 1.2%. Of the CMAs included in the survey, Toronto (+2.1%) recorded the largest year-over-year increase, while Edmonton (-0.1%) recorded the lone decline compared with the first quarter of 2014.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/150512/dq150512a-eng.htm?cmp=mstatcan.

 

Related Articles

POE

PoE Lighting Revenue Forecast to Increase 1100% by 2026

Since Power over Ethernet (PoE) lighting is in its infancy, there is still skepticism about using PoE technology for lighting. The success of PoE technology for other use cases, such as phone systems, has not translated into widespread acceptance for the lighting market. However, a Navigant research report forecasts that global revenue for PoE lighting will grow from an estimated US$35.8 million in 2016 to US$419.9 million in 2025.

 

Latest Articles

Changing Scene