Higher Material Prices Increase Q! Apartment Building Construction Price Index

High Cost Material

 

The composite price index for apartment building construction rose 0.5% in the first quarter compared with the previous quarter. This increase resulted from higher prices for materials used in apartment building construction.Of the seven metropolitan areas (CMAs) surveyed, Vancouver  reported the largest increase(+0.9%), followed by Toronto (+0.7%). Edmonton (-0.4%) and Calgary (-0.1%) reported the only decreases.

Year over year, the composite price index for apartment building construction was up 1.5%. Of the CMAs surveyed, Toronto (+2.3%) recorded the largest year-over-year gain, while Edmonton (+0.1%) recorded the smallest increase compared with the first quarter of 2014.

 

 

 

 

Related Articles


Changing Scene

  • Houle Selected as Electrical and Technology Contractor for the New BC Cancer Centre

    Houle Selected as Electrical and Technology Contractor for the New BC Cancer Centre

    In late August, Houle were proud to announce that they had been selected as the electrical and technology contractor for the new BC Cancer centre at the Royal Inland Hospital campus in Kamloops. Located adjacent to Royal Inland Hospital, this five-storey cancer centre will provide people in BC’s Interior with expanded access to cancer care… Read More…

  • Southwire Partners with Current/OS

    Southwire Partners with Current/OS

    Southwire Company has recently entered a partnership with Foundation Current/OS, a global non-profit partnership foundation promoting direct current (DC) safety, standards and advancement across the electrical industry. This unique partnership positions Southwire at the forefront of advancing DC technologies, a critical piece of progressing the company’s strategic verticals in key fields. Read More…


Peers & Profiles