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

  • AKA Energy Systems and ABB Strengthen Strategic Partnership to Deliver Canadian Power and Propulsion Solutions

    AKA Energy Systems and ABB Strengthen Strategic Partnership to Deliver Canadian Power and Propulsion Solutions

    AKA Energy Systems is pleased to announce a new strategic partnership between AKA and ABB in Canada. As an officially recognized ABB Value Provider (AVP) — System Integrator, AKA brings fully authorized design, integration, and support capabilities for ABB Motion drives solutions. This collaboration brings together ABB’s global leadership in electrification, automation, and drive technologies… Read More…

  • Guillevin Celebrates Two Milestones

    Guillevin Celebrates Two Milestones

    In a recent announcement, Guillevin was proud to celebrate two incredible milestones at the company. A huge congratulations went out to Ken on 35 years and Nas on 40 years with Guillevin. Their dedication, hard work, loyalty, and commitment over the years have helped shape the standard of excellence that defines the company today. Thanks… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound