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Tue July 23 2024

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Construction prices rise in Canada

15 Feb 12 The price index for non-residential building construction in Canada increased 0.6% in the fourth quarter of 2011.

Statistics Canada said that the rise compared with the previous quarter was mainly a result of continued strength in the market.

All of the seven census metropolitan areas surveyed reported quarterly increases, varying from 0.3% to 0.8%. Calgary and Edmonton (both +0.8%) and Toronto (+0.7%) recorded the largest gains.

Year over year, the composite price index for non-residential building construction was up 4.1%. Of the areas surveyed, Ottawa–Gatineau, Ontario (+5.4%) and Toronto (+4.7%) recorded the largest year-on-year increases, while Halifax (+2.8%) recorded the smallest gain.

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