Non-residential Building Construction Price Index, second quarter 2015
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Released: 2015-08-11
The composite price index for non-residential building construction rose 0.5% in the second quarter compared with the previous quarter. This increase was mainly due to higher material prices and labour costs.
All seven census metropolitan areas (CMAs) surveyed were up with Ottawa–Gatineau, Ontario part (+0.9%) posting the largest increase, followed by Halifax (+0.7%). Calgary (+0.3%) posted the smallest increase.
Year over year, the composite price index for non-residential building construction was up 1.1%. Of the CMAs included in the survey, Toronto (+1.8%) recorded the largest year-over-year increase, while Edmonton (-0.1%) recorded the lone decline compared with the second quarter of 2014.
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.
With each second quarter data release, the annual weights of the index have been updated.
Next release
The Non-residential Building Construction Price Index for the third quarter will be released on November 10.
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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