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Escalation Watch First Quarter 2016

Statistics Canada’s 2016, first quarter, Non-residential Building Construction Price Indices are now available.  The second quarter indices for 2016 will be available mid-August.

In the first quarter of 2016, the national composite index was unchanged (0.0%). Higher material prices in structural trades in Ontario were offset by decreases in Alberta.

Of the seven census metropolitan areas surveyed, Toronto (0.7%) led the way with the largest quarterly increase, followed by Ottawa (0.4%).  These gains were offset by declines seen in Halifax (-0.2%), Edmonton (-1.0%), Calgary (-0.3%) and Vancouver (-0.2%).

Year over year, the composite price index continued its rise, up 0.4%. The largest year over year increases were reported in Toronto and Ottawa, both up 1.7%.   Edmonton (-1.5%) and Calgary (-1.9%) reported the only decreases compared with the first quarter of 2015.

It bears remembering that the indices prepared for Statistics Canada are intended only to track cost changes in a given city.  The index cannot be used to compare costs between cities.

The source data used to prepare the charts in this newsletter is drawn from Statistics Canada’s CANSIM, specifically table 327-0043.  Readers are cautioned that Statistics Canada does, on occasion, restate indices from previous quarters. Individual city and national composite indices reported in this newsletter reflect these changes. Indices restated from the previous report are highlighted for ease of reference where appropriate.

More information about this and other construction related indices published by Statistics Canada are available on line at www.statcan.gc.ca.

- Susan Neil, PQS, MRICS
  Executive Vice President

Latest News

Statistics Canada's First Quarter Non-residential Construction Price Indices were released on May 10th. The Second Quarter Indices will be released mid-August.  Click here to download a copy of Hanscomb's Escalation Watch.  
Statistics Canada’s 2015, fourth quarter, Non-residential Building Construction Price Indices are now available.  Get your copy of Hanscomb's Escalation Watch here! The first quarter indices for 2016 will be available mid-May.
ReNew Canada’s 2016 Top100 report has named Hanscomb to its Platinum Elite list of consultants for our involvement in 25 of the country’s 100 biggest public infrastructure projects.  See our list here!

Did you know we have more than 50 years of experience!

For nearly sixty years Hanscomb's team of experts has been providing clients with the tools they need to control costs and help ensure the successful completion of a wide variety of projects located throughout North America, the Middle East, and around the world.

By including Hanscomb's professionals, skilled in the fields of quantity surveying, scheduling, and project management , on your design team, you ensure that your team never loses sight of the bottom line.

With seven offices located from coast to coast across Canada and with four more located in three countries in the Middle East, Hanscomb has the local experience and the world wide presence to keep your project on track.

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We would be pleased assist you on your current or upcoming projects. For additional information regarding our firm and its experience in the construction industry or to obtain a fee quotation, contact any of our offices across Canada.

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