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

  • On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    Gescan is proud to share an incredible milestone: since 2022—together with its customers, supplier partners, and employees—Gescan has raised $815,509 in support of children’s hospitals across Canada. Through its annual charity golf tournaments, branch-led fundraising events and generous employee contributions, this collective effort continues to make a meaningful difference for young children and their families. Read More…

  • Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    In a recent LinkedIn post, Derek Kelly, the Senior Director of Safety of Wesco for Eastern Canada, thanked Jason Lock and Tim Rees for helping Wesco in giving back to the community by organizing the sorting of 1900kg of food to ensure the quality of the product was good and had not expired, so food… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound