Non-residential Building Construction Prices Rise 0.8% in Q2

Chart, Non-residential Building Construction Price Index Q2 2017

 August 9, 2017

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 Montreal (+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.

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.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/170808/dq170808b-eng.htm

Related Articles

Changing Scene

  • CDM2 and Electec Announce Partnership to Enhance Lighting and Electrical Solutions in BC

    CDM2 and Electec Announce Partnership to Enhance Lighting and Electrical Solutions in BC

    CDm2 is excited to announce a new strategic partnership with Electec, a pioneer in innovative wiring and cabling solutions. This collaboration aims to enrich our service offerings, technical expertise, and customer service to clients across various market sectors. Electec, founded in 1978, brings its robust experience in engineered cabling systems that are both sustainable and reliable.… Read More…

  • Wholesale Trade: Early Indicator, March 2024

    Wholesale Trade: Early Indicator, March 2024

    Statistics Canada is providing an advance estimate of sales in the wholesale trade sector for March. The advance results for March indicate that wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 1.3%. The decrease reflects lower sales in the motor vehicle and motor vehicle parts and accessories subsector and… Read More…

Peers & Profiles

  • Graybar Canada’s Customer Appreciation BBQ’s

    Graybar Canada’s Customer Appreciation BBQ’s

    Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Electrozad Chatham Kent Branch Exceptional Effort Cleans Up Community

    Electrozad Chatham Kent Branch Exceptional Effort Cleans Up Community

    Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…

Copper US Dollar Price Per Pound