Composite price index for Canadian nonresidential building construction increased 1.2% in Q2 from Q1, led by higher wages, strong construction materials prices
August 16, 2011
– The composite price index for non-residential building construction increased by 1.2% in the second quarter compared with the previous quarter. The quarterly advance was mainly a result of wage increases and the continued strength of construction material prices.
All seven of the census metropolitan areas (CMAs) surveyed reported quarterly increases ranging from 0.6% to 1.5%. Ottawa–Gatineau, Ontario part (+1.5%) and Toronto (+1.4%) recorded the largest gains.
Year over year, the composite price index for non-residential building construction was up 3.2%. Of the CMAs surveyed, Ottawa–Gatineau, Ontario part (+4.4%) and Toronto (+3.9%) recorded the largest increases while Calgary (+1.9%) registered the smallest gain.
Note: 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.