Apartment Building Construction Price Index
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The composite price index for apartment building construction increased 0.4% in the fourth quarter compared with the previous quarter. The quarterly change was mainly a result of continued strength in this sector of the residential construction market.
All of the seven census metropolitan areas (CMAs) surveyed reported quarterly increases varying from 0.1% to 0.9%. Edmonton and Calgary (both +0.9%) posted the largest increases.
Year over year, the composite price index for apartment building construction was up 3.7%. Of the CMAs surveyed, Ottawa–Gatineau, Ontario part (+4.4%) recorded the largest year-over-year increase, while Halifax (+3.2%) recorded 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 without charge in CANSIM: table 327-0044.
Definitions, data sources and methods: survey numbers, including related surveys, 2317 and 2330.
The fourth quarter 2011 issue of Capital Expenditure Price Statistics (62-007-X, free) will be available in April.
The apartment building construction price indexes for the first quarter of 2012 will be released on May 18.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Statistics Canada's National Contact Centre (toll-free 1-800-263-1136; 613-951-8116 infostats@statcan.gc.ca) or the Media Hotline (613-951-4636), Communications Division.
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