According to Statistics Canada, the composite price index for apartment building construction rose 0.6 percent in the second quarter compared with the previous quarter. This increase was the result of higher material prices and labor costs.
Of the seven census metropolitan areas surveyed, Vancouver (+1.4 percent) reported the largest gain, followed by Toronto (+1.2 percent). Calgary (-1.6 percent) and Edmonton (-1.6 percent) recorded the only decreases.
Year over year, the composite price index for apartment building construction rose 0.7 percent.
Non-residential Building Construction Price Index, second quarter 2016
Non-residential Building Construction Price Index, second quarter 2016
Meanwhile, the composite price index for non-residential building construction in Canada rose 0.4 percent in the second quarter compared with the previous quarter. This increase was the result of higher wages and material prices.
Contractors in five of the seven census metropolitan areas surveyed reported quarterly gains.
Year over year, the composite price index for non-residential building construction rose 0.5 percent.