Non-residential Building Construction Price Index, second quarter 2012
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The composite price index for non-residential building construction rose 0.6% in the second quarter compared with the previous quarter. The quarterly increase was mainly a result of higher labour costs.
All of the seven census metropolitan areas (CMAs) surveyed reported quarterly increases, ranging from 0.3% in Montréal to 0.8% in both Edmonton and Calgary.
Year over year, the composite price index for non-residential building construction rose 3.1%. Of the CMAs surveyed, Edmonton (+4.2%) and Calgary (+4.0%) posted the largest year-over-year increases, while Halifax (+1.9%) recorded the smallest gain.
Note to readers
The Non-residential Building Construction Price Index is a quarterly series that measures changes in contractors' selling prices of new non-residential building construction in seven census metropolitan areas. Three classes of structures (commercial, industrial and institutional) are covered.
Selling prices include costs of materials, labour, equipment, provincial sales taxes where applicable, and contractors' overhead and profit. The cost of land, land assembly, design, development, and real estate fees are excluded. Value added taxes such as the Federal Goods and Services Tax and the Harmonized Sales Tax are excluded.
This release presents data that are not seasonally adjusted and the indexes published are subject to a one quarter revision period after dissemination of a given quarter's data.
The second quarter 2012 issue of Capital Expenditure Price Statistics (Catalogue number62-007-X, free) will be available in October.
The non-residential building construction price indexes for the third quarter will be released on November 13.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Statistics Canada's National Contact Centre (toll-free 1-800-263-1136; 613-951-8116; email@example.com) or the Media Hotline (613-951-4636; firstname.lastname@example.org).
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