Non-residential Building Construction Price Index, fourth quarter 2014
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Released: 2015-02-10
The composite price index for non-residential building construction rose 0.1% in the fourth quarter compared with the previous quarter. This change was mainly the result of a slight increase in material prices.
Of the seven census metropolitan areas (CMAs) surveyed, Toronto (+0.5%) and Montréal (+0.3%) reported quarterly increases. These gains were offset by declines in Vancouver and Ottawa–Gatineau, Ontario part (both down 0.3%).
Year over year, the composite price index for non-residential building construction was up 1.4%. Of the CMAs included in the survey, Halifax (+2.0%) and Toronto (+1.9%) recorded the largest year-over-year increases, while Calgary (+0.7%) recorded the smallest gain from the fourth quarter of 2013.
Note to readers
The Non-residential Building Construction Price Index is a quarterly series that measures changes in contractors' selling prices of new non-residential building construction in seven census metropolitan areas: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary, Edmonton and Vancouver. Three classes of structures are covered; commercial, industrial and institutional.
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 and development as well as 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.
The Non-residential Building Construction Price Index for the first quarter will be released on May 12.
Contact information
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