Q3 2015 Apartment Building Construction Price Index Declines 0.1%

Economy 1

The composite price index for apartment building construction declined 0.1% in the third quarter compared with the previous quarter. This was the first quarterly decrease since the first quarter of 2013. The decline was largely the result of lower material prices reported by contractors in the structural trades.

Of the seven census metropolitan areas surveyed, Edmonton (-1.1%) reported the largest decline, followed by Calgary (-0.9%). The decreases were offset by increases in Toronto (+0.4%), Halifax (+0.2%) and Vancouver (+0.1%).

Table: Apartment building construction price index – not seasonally adjusted[1]

 

 

 

 

 

 

 

 

 

Year over year, the composite price index for apartment building construction rose 1.0%. Toronto (+2.1%) recorded the largest year-over-year increase, while Edmonton (-1.1%) and Calgary (-0.8%) reported the only decreases compared with the third quarter of 2014.

Source: Statistics Canada, www.statcan.gc.ca/daily-quotidien/151110/dq151110d-eng.htm?cmp=mstatcan.


Notes

1. View the census subdivisions that comprise the census metropolitan areas (CMAs) here: http://www.statcan.gc.ca/eng/subjects/standard/daily/5000073
2. The relative importance is calculated using a price adjusted three-year average of the value of building permits for each CMA.
3. For the Ottawa–Gatineau metropolitan area, only Ontario contractors are surveyed for the Apartment Building Construction Price Index because of different provincial legislation and construction union contracts.

Related Articles


Latest Articles

  • Maximizing Excel: Practical Use Cases for Preconstruction

    Maximizing Excel: Practical Use Cases for Preconstruction

    November 8, 2024 By Melvin Newman Excel is a powerful and flexible tool that can enhance efficiency in electrical construction estimating.  Spreadsheets, like those in Excel, consist of a grid of “cells” where each cell can hold various types of data. Originating from mainframe computers in the 1960s and later developed for Apple computers in… Read More…

  • The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    November 4, 2024 The total value of building permits in Canada decreased by $858.1 million (-7.0%) to $11.5 billion in August, following a strong July during which construction intentions rose sharply (+20.8%). The residential and non-residential sectors contributed to the decrease in August. On a constant dollar basis (2017=100), the total value of building permits decreased 7.6% in… Read More…

  • A Slight Decrease in Residential Building Construction for August

    A Slight Decrease in Residential Building Construction for August

    November 4, 2024 Investment in building construction edged up 0.2% to $21.0 billion in August, after a 1.6% decrease in July. The residential sector edged down (-0.1%) to $14.6 billion, while the non-residential sector was up 1.0% to $6.4 billion. Year over year, investment in building construction grew 7.2% in August. On a constant dollar basis (2017=100), investment in building construction was… Read More…

  • When a Familiar Door Closes

    When a Familiar Door Closes

    November 4, 2024 By Keith Sones, seasoned utility industry executive Most of the articles I’ve written have been based on personal experiences, many of them occurring decades ago, which eventually translate into helpful life lessons. The years allow the events to marinate in a savoury stew of time and reflection, clarity never coming immediately, or even… Read More…


Changing Scene