Apartment Building Construction Price Index, second quarter 2014
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Released: 2014-08-12
The composite price index for apartment building construction rose 0.5% in the second quarter compared with the previous quarter. This change was the result of a slight increase in labour costs and higher material prices used in apartment building construction.
All seven census metropolitan areas (CMAs) surveyed reported quarterly increases ranging from 1.1% in Halifax and Ottawa–Gatineau, Ontario part, to 0.3% in Montréal.
Year over year, the composite price index for apartment building construction was up 1.2%. Of the CMAs surveyed, Calgary (+2.1%) recorded the largest year-over-year gain, while Montréal (+0.8%) recorded the smallest increase from the second quarter of 2013.
Note to readers
The Apartment Building Construction Price Index is a quarterly series that measures changes in contractors' selling prices of new apartment building construction in seven census metropolitan areas: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary, Edmonton and Vancouver.
Selling prices include costs of materials, labour, equipment, provincial sales taxes where applicable, and contractors' overhead and profit. The cost of land, land assembly, design, development, and real estate fees are excluded. Value added taxes such as the Federal Goods and Services Tax and the Harmonized Sales Tax are excluded.
With each release, data for the previous quarter may have been revised. The index is not seasonally adjusted.
Products
The Apartment Building Construction Price Index for the third quarter will be released on November 12.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (613-951-4636; statcan.mediahotline-ligneinfomedias.statcan@canada.ca).
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