Non-residential building prices up
May 17, 2011 – The composite price index for non-residential building construction increased by 1.4 per cent in the first quarter compared with the previous quarter. This was the fourth consecutive quarterly advance.
All seven of the census metropolitan areas surveyed reported
quarterly increases between 1.1 per cent and 1.9 per cent. Toronto (up 1.9 per cent) and
the Ontario part of Ottawa–Gatineau (up 1.8 per cent) recorded the largest gains.
Year over year, the composite price index for non-residential
building construction was up 3.3 per cent. Of the CMAs surveyed, Edmonton
(up 5.5 per cent) and the Ontario part of Ottawa–Gatineau (up 4.9 per cent) recorded the largest
increases while Calgary (up 1.6 per cent) recorded the smallest advance.