Higher Material Costs Raise Q1 Apartment Building Construction Price Index

Appartment Construction

 

The composite price index for apartment building construction rose 0.5% in the first quarter compared with the previous quarter. This increase was the result of higher prices for materials used in apartment building construction.

Of the seven metropolitan areas (CMAs) surveyed, Vancouver (+0.9%) reported the largest increase, followed by Toronto (+0.7%). Edmonton (-0.4%) and Calgary (-0.1%) reported the only decreases.

Year over year, the composite price index for apartment building construction was up 1.5%. Of the census metropolitan areas surveyed, Toronto (+2.3%) recorded the largest year-over-year gain, while Edmonton (+0.1%) recorded the smallest increase compared with the first quarter of 2014.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/150512/dq150512b-eng.htm?cmp=mstatcan.

 

Related Articles

EIN 37 CS IESO logo 400

IESO Recommends Shift to Grid-Scale Storage in Ontario, Relying on Natural Gas Expansions to Ensure Reliability in the Near-Term

As part of its plans to acquire 4,000 MW of new electricity supply, the Independent Electricity System Operator (IESO) is recommending to the Minister of Energy that Ontario make a significant investment in battery storage, balanced by natural gas and other forms of non-greenhouse gas emitting generation to ensure reliability and affordability.

 

Latest Articles

  • Electric Avenue Responds to Enel X’s Exit from North American Market with a Call for Open-Source EV Charging Standards

    Electric Avenue Responds to Enel X’s Exit from North American Market with a Call for Open-Source EV Charging Standards

    October 4, 2024 Electric Avenue has issued a response to the recent announcement that Enel X, a major player in the EV charging space, will be shutting down its North American operations effective October 11, 2024. This decision leaves over 170,000 EV chargers across the U.S. and Canada without software support, rendering them largely inoperable…. Read More…

  • Electrical Safety Authority Recognizes Safety Excellence in Ontario at its 2024 Annual Meeting

    Electrical Safety Authority Recognizes Safety Excellence in Ontario at its 2024 Annual Meeting

    September 30, 2024 PUC Services Inc., Bluewater Power, Hydro One & London Hydro, Elexicon Energy, Mellon Inc., and Ottawa Community Housing were honoured at the 2024 Ontario Electrical Safety Awards for exemplary electrical safety leadership. The Electrical Safety Authority (ESA) held its Annual Meeting and Ontario Electrical Safety Awards earlier this month to celebrate leadership… Read More…

  • Incentives for Tubular LEDs Now Available in BC

    Incentives for Tubular LEDs Now Available in BC

    September 30, 2024 Changes in technology and safety prompt update of BC Hydro incentive to include Tubular lamp replacements BC Hydro’s Alliance of Energy Professionals members have been asking for it as far back as 2015, and it’s now arrived. Tubular lamp replacements will now qualify for incentive funding through the business energy saving incentives (BESI) program. “We… Read More…

  • 2024 IDEAL National Championship Wraps up in West Palm Beach, Florida

    2024 IDEAL National Championship Wraps up in West Palm Beach, Florida

    September 30, 2024 IDEAL successfully concluded the 2024 IDEAL National Championship, with the finals taking place in West Palm Beach, Florida this past weekend. Between April and July, IDEAL organized 10 qualifying events across Canada, engaging over 500 enthusiastic student apprentices eager to demonstrate their troubleshooting abilities. Each event’s top finisher advanced to the at-home… Read More…

Changing Scene