Non-residential Building Construction Price Index, third quarter 2015
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Released: 2015-11-10
The composite price index for non-residential building construction declined 0.4% in the third quarter compared with the previous quarter. This was the first quarterly decline since the first quarter of 2010. The decrease was mainly the result of lower material prices reported by contractors in the structural trades.
Of the seven census metropolitan areas surveyed, Calgary and Edmonton recorded the largest decreases (both -1.3%), followed by Montréal (-0.6%). Halifax, Toronto and Vancouver reported the only increases (all +0.3%).
Year over year, the composite price index for non-residential building construction rose 0.5%. The largest year-over-year increase was recorded in Toronto (+1.8%), while Edmonton (-1.6%) and Calgary (-1.2%) both reported decreases compared with the third quarter of 2014.
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: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary, Edmonton and Vancouver. Three classes of structures are covered: commercial, industrial and institutional.
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 and development as well as 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.
Next release
The Non-residential Building Construction Price Index for the fourth quarter of 2015 will be released on February 9, 2016.
Contact information
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