Four census metropolitan areas added in the third quarter
In the third quarter, four census metropolitan areas (CMAs) were added to the Building Construction Price Index: Québec, London, Regina and Victoria. Indexes for these CMAs are available beginning with the first quarter of 2023.
Between the new CMAs, Victoria (+0.8%) saw the largest rise in residential construction prices in the third quarter of 2024, while London (+0.8%) had the largest increase in non-residential construction prices.
From the inception of these indexes in the first quarter of 2023 to the third quarter of 2024, Victoria (+13.4%) experienced the largest growth in residential building construction prices, followed by Regina (+11.6%). Victoria (+11.3%) also recorded the largest increase in non-residential building construction prices, followed by Regina (+8.9%).
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