Apartment Building Construction Price Index, first quarter 2014
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Released: 2014-05-13
The composite price index for apartment building construction rose 0.5% in the first quarter compared with the previous quarter. This change was the result of a slight increase in the price of materials used in apartment building construction.
All seven census metropolitan areas (CMAs) surveyed reported quarterly increases, ranging from 0.2% in the CMA of Ottawa–Gatineau (Ontario part) to 0.9% in Edmonton.
Year over year, the composite price index for apartment building construction was up 1.5%. Of the CMAs surveyed, Vancouver (+3.2%) recorded the largest year-over-year gain, while Ottawa–Gatineau (Ontario part) (+0.1%) recorded the smallest increase.
Note to readers
The Apartment Building Construction Price Index is a quarterly series that measures changes in contractors' selling prices of new apartment building construction in seven census metropolitan areas: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary, Edmonton and Vancouver.
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.
With each release, data for the previous quarter may have been revised. The index is not seasonally adjusted.
The Apartment Building Construction Price Index for the second quarter will be released on August 12.
Contact information
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