Canadian composite price index for apartment building construction rose 1% in Q3 from Q2, driven mainly by construction materials, fuel prices
November 18, 2011
– The composite price index for apartment building construction rose 1.0% in the third quarter compared with the previous quarter. The quarterly increase was mainly due to increases in construction materials and fuel prices.
All seven of the census metropolitan areas (CMAs) surveyed reported quarterly increases between 0.4% and 1.4%. Ottawa–Gatineau, Ontario part (+1.4%) and Montréal (+1.3%) posted the largest quarterly gains while Halifax (+0.4%) reported the smallest increase.
Year-over-year, the composite price index for apartment building construction was up 3.8% in the third quarter. Of the CMAs surveyed, Ottawa–Gatineau, Ontario part (+4.8%) reported the largest year-over-year increase, while Calgary (+2.7%) showed the smallest gain.