Apartment Building Construction Price Index
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The composite price index for apartment building construction rose 1.0% in the third quarter compared with the previous quarter. The quarterly increase was mainly due to increases in construction materials and fuel prices.
All seven of the census metropolitan areas (CMAs) surveyed reported quarterly increases between 0.4% and 1.4%. Ottawa–Gatineau, Ontario part (+1.4%) and Montréal (+1.3%) posted the largest quarterly gains while Halifax (+0.4%) reported the smallest increase.
Year-over-year, the composite price index for apartment building construction was up 3.8% in the third quarter. Of the CMAs surveyed, Ottawa–Gatineau, Ontario part (+4.8%) reported the largest year-over-year increase, while Calgary (+2.7%) showed the smallest gain.
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 third quarter 2011 issue of Capital Expenditure Price Statistics (62-007-X, free) will be available in January 2012.
The apartment building construction price indexes for the fourth quarter will be released on February 17, 2012.
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.
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