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The Daily. Wednesday, February 14, 2001
The composite price index for apartment building construction (1992=100) was 120.6 in the fourth quarter, a rise of 0.8% over the third quarter and a gain of 5.5% compared with the fourth quarter of 1999. This was the highest year-to-year increase since the second quarter of 1989, when the index rose 6.0%.
Toronto registered the highest quarterly change (+1.3%), followed by Ottawa, Calgary and Edmonton (+1.2%), Vancouver (+0.3%), and Halifax and Montréal, both at +0.2%.
Toronto saw the highest year-over-year gain compared with the fourth quarter of 1999 (+9.4%), followed by Ottawa (+8.3%), Calgary (+5.8%), Edmonton (+5.2%), Montréal (+3.9%), Halifax (+2.9%) and Vancouver (+2.8%).
Apartment Building Construction Price Index
(1992=100)
| Fourth quarter 2000 | Fourth quarter 1999 to fourth quarter 2000 | Third to fourth quarter 2000 | |
|---|---|---|---|
| % change | |||
| Composite Index | 120.6 | 5.5 | 0.8 |
| Halifax | 111.8 | 2.9 | 0.2 |
| Montréal | 118.3 | 3.9 | 0.2 |
| Ottawa | 123.0 | 8.3 | 1.2 |
| Toronto | 127.2 | 9.4 | 1.3 |
| Calgary | 122.8 | 5.8 | 1.2 |
| Edmonton | 121.1 | 5.2 | 1.2 |
| Vancouver | 118.4 | 2.8 | 0.3 |
Note: The apartment building construction price indexes provide an indication of new construction cost changes in seven major urban areas across Canada (Halifax, Montréal, Ottawa, Toronto, Calgary, Edmonton and Vancouver). Besides each of the urban areas' indexes and the composite index, there are further breakdowns of cost changes by trade groups within the building (structural, architectural, mechanical and electrical). These price indexes are derived from surveys of general and special trade-group contractors who report on the categories of costs (material, labour, equipment, taxes, overhead and profits) relevant to the detailed construction specifications included in the surveys.
Available on CANSIM: matrix 9932.
The fourth quarter 2000 issue of Construction price statistics (62-007-XPB, $24/$79) will be available in March. See How to order products.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Denise Potvin (613-951-3350; fax: 613-951-1539; potvden@statcan.gc.ca), Prices Division.