Non-residential Building Construction Price Index, second quarter 2017
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Released: 2017-08-08
Contractors' prices for new non-residential building construction rose 0.8% in the second quarter compared with the previous quarter. This was the seventh consecutive quarterly increase.
Prices for new non-residential building construction were up in six of the seven surveyed census metropolitan areas (CMAs). Prices rose the most in Vancouver (+1.3%) and Montréal (+1.2%). Contractors in both CMAs reported higher costs to complete the structural components of new buildings due to the favorable local market conditions and a high demand for skilled labour.
Contractors in Edmonton saw no change in their prices for new non-residential building construction in the second quarter.
Non-residential Building Construction Price Index, year-over-year change
Year over year, contractors' prices for new non-residential building construction increased 2.7%, led by higher prices in Vancouver (+6.0%).
Contractors working in Edmonton (+0.2%) and Calgary (+1.2%) reported the first year-over-year price increases for new non-residential building construction since the fourth quarter of 2014 and first quarter of 2015 respectively.
Note to readers
The Non-residential Building Construction Price Index is a quarterly series that measures the 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 the 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.
A Historical Timeline of Canadian Producer Price Statistics
To celebrate Canada 150, A Historical Timeline of Canadian Producer Price Statistics, which is part of Statistics Canada — Infographics (11-627-M), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure?
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (11-627-M), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.
Contact information
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