Apartment Building Construction Price Index, second quarter 2012

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The composite price index for apartment building construction increased 0.6% in the second quarter compared with the previous quarter. The quarterly increase was mainly a result of higher labour costs.

All seven census metropolitan areas (CMAs) surveyed reported quarterly increases, ranging from 0.2% in Montréal to 1.0% in both Calgary and Edmonton.

Year over year, the composite price index for apartment building construction was up 2.8%. Of the CMAs surveyed, Edmonton (+4.6%) and Calgary (+4.5%) recorded the largest year-over-year increases, while Toronto (+2.0%) recorded the smallest gain.

Note to readers

The Apartment Building Construction Price Index is a quarterly series that measures changes in contractors' selling prices of new apartment building construction in seven census metropolitan areas.

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, development, and real estate fees are excluded. Value added taxes such as the Federal Goods and Services Tax, and the Harmonized Sales Tax are excluded.

This release presents data that are not seasonally adjusted and the indexes published are subject to a one quarter revision period after dissemination of a given quarter's data.

Table 1

Apartment Building Construction Price Index – Not seasonally adjusted

Available without charge in CANSIM: table CANSIM table327-0044.

Definitions, data sources and methods: survey numbers survey number2317 and survey number2330.

The second quarter 2012 issue of Capital Expenditure Price Statistics (Catalogue number62-007-X, free) will be available in October.

The apartment building construction price indexes for the third quarter will be released on November 16.

For more information, or to enquire about the concepts, methods or data quality of this release, contact Statistics Canada's National Contact Centre (toll-free 1-800-263-1136; 613-951-8116; infostats@statcan.gc.ca) or the Media Hotline (613-951-4636; statcan.mediahotline-ligneinfomedias.statcan@canada.ca).