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Apartment Building Construction Price Index
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The composite price index for apartment building construction increased 2.2% from the fourth quarter of 2007 to 161.0 (1997=100) in the first quarter, up 7.8% from the first quarter of 2007. The quarterly increase was mostly the result of higher labour, materials and fuel costs.
Edmonton recorded the highest quarterly change (+3.3%), followed by Toronto and Ottawa–Gatineau, Ontario part (both +2.5%), Calgary (+2.3%), Vancouver (+2.1%), Montréal (+2.0%) and Halifax (+1.2%).
Edmonton also experienced the highest gain (+13.3%) from the first quarter of 2007, followed by Calgary (+11.0%), Vancouver (+9.8%), Toronto (+6.1%), Montreal (+5.8%), Ottawa–Gatineau, Ontario part (+5.6%) and Halifax (+3.8%).
Note: The apartment building construction price indexes provide an indication of new construction cost changes in six census metropolitan areas (CMAs) (Halifax, Montréal, Toronto, Calgary, Edmonton and Vancouver) and the Ontario part of the Ottawa–Gatineau CMA. Besides each of the CMA 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: table 327-0040.
Definitions, data sources and methods: survey numbers, including related surveys, 2317 and 2330.
The first quarter 2008 issue of Capital Expenditure Price Statistics (62-007-XWE, free) will be available in July.
For more information or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-866-230-2248; 613-951-9606; fax 613-951-1539; prices-prix@statcan.gc.ca), Prices Division.
Table(s).
