Statistics Canada
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Capital Expenditure Price Statistics

October to December 2006

62-007-XWE


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Highlights

Fourth quarter 2006

  1. The New Housing Price Index (1997=100) rose 1.4% in the fourth quarter of 2006, down from the previous quarter increase of 3.6%. This was the smallest quarterly increase since the third quarter of 2005. Prices rose across the country with the Prairie Region continuing to lead with 3.9%, followed by British Columbia (+1.6%), Quebec (+0.9%), Ontario (+0.4%) and the Atlantic Region (+0.2%).
  2. The composite price index for non-residential building construction increased 2.4% from the previous quarter to 149.4 (1997=100) in the fourth quarter, up 9.3% from the fourth quarter of 2005. The 2.4% increase was mostly the result of higher labour costs and the persistent strength of the non-residential building construction market, particularly in Western Canada.
  3. The Machinery and equipment price index (MEPI) stood at 91.4 (1997=100) in the fourth quarter, up 1.8% from the previous quarter. The import component index rose 2.8%, while the domestic series registered a slight increase of 0.2%. The total MEPI was down 0.9% compared to the fourth quarter 2005. The import index fell by 1.4% compared to the same quarter a year ago, while the domestic index had a slight increase of 0.2%.
  4. The Consulting Engineering Services Price Index (CESPI) is now available for 2005. The Canada total CESPI for 2005 was 122.9 (1997=100), up 4.1% from the revised index of 118.1 for 2004.