Apartment Building Construction Price Index

The composite price index for apartment building construction increased 1.1% in the second quarter compared with the previous quarter. The quarterly advance was mainly a result of wage increases and the continued strength of construction material prices.

All seven of the census metropolitan areas (CMAs) surveyed reported quarterly increases between 0.7% and 1.4%. Toronto (+1.4%) and Calgary (+1.2%) posted the largest quarterly advance while Montréal (+0.7%) reported the smallest increase.

Year over year, the composite price index for apartment building construction was up 2.9% in the second quarter. Of the seven CMAs surveyed, Ottawa–Gatineau, Ontario part (+3.8%) reported the largest year-over-year increase, while Calgary (+1.2%) showed the smallest advance.

Note: This release presents data that are not seasonally adjusted and the indexes published are subject to a one quarter revision period after dissemination of a given quarter's data.

Available on CANSIM: table 327-0044.

Definitions, data sources and methods: survey numbers, including related surveys, 2317 and 2330.

The second quarter 2011 issue of Capital Expenditure Price Statistics (62-007-X, free) will be available in October.

The apartment building construction price indexes for the third quarter will be released on November 18.

For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-888-951-4550; 613-951-4550; fax: 1-855-314-8765 or 613-951-3117; ppd-info-dpp@statcan.gc.ca), Producer Prices Division.