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First Quarter 2012

  1. The New Housing Price Index (2007=100) increased 0.6% in the first quarter of 2012 following a similar increase the previous quarter. The Atlantic Region (+0.1%), Québec (+0.6%) as well as Ontario (+0.9%) and the Prairie Region (+0.4%) all posted increases, while British Columbia (-0.2%) recorded its third consecutive quarterly decrease.
  2. The composite price index for non-residential building construction increased 1.0% in the first quarter compared with the previous quarter. The quarterly increase was mostly a result of continued strength in the construction sector resulting in some construction material price increases, notably in Western Canada. Year over year, the composite price index for non-residential building construction was up 3.7%.
  3. The Machinery and Equipment Price Index (MEPI) decreased 1.0% in the first quarter compared with the previous quarter. The import component was down 1.7% over this period, while the domestic component was up 0.1%. Compared with the first quarter of 2011, the total MEPI increased 2.6%, with the import component rising 3.7% and the domestic component up 1.0%.
  4. Construction costs for the electric utility distribution systems series increased 3.3% in 2011 compared with 2010. In 2011, construction costs for the transmission line system series rose 2.4%.
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