Non-residential Building Construction Price Index, second quarter 2016
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Released: 2016-08-09
The composite price index for non-residential building construction rose 0.4% in the second quarter compared with the previous quarter. This increase was the result of higher wages and material prices.
Contractors in five of the seven census metropolitan areas surveyed reported quarterly gains. The largest advance was observed in Toronto (+1.8%), followed by Vancouver (+1.5%). These increases were moderated by decreases in Calgary (-1.6%) and Edmonton (-1.5%).
Year over year, the composite price index for non-residential building construction rose 0.5%. The largest year-over-year increases were recorded in Vancouver (+3.4%) and Toronto (+3.1%). Edmonton (-4.2%) and Calgary (-3.8%) reported the only year-over-year declines.
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 and equipment, provincial sales taxes where applicable, and contractors' overhead and profit. The costs 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 release of second quarter data, the annual weights of the index are updated.
Contact information
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