Escalation Watch Second Quarter 2019

Statistics Canada’s 2019, second quarter, Non-residential Building Construction Price Indices were released August 20th. Third quarter indices for 2019 will be available mid-November.

Prices for construction of non-residential buildings was up 0.4%.  On a quarterly basis, the rise in construction costs in MontrĂ©al (+0.9) and Toronto (+0.8) was the main contributor to the overall increases with costs for structural steel framing and concrete products were the primary drivers of the increases cities.  Although prices are still high for those two types of products, the increases have been slowing over the last few quarters. These quarterly increases can be observed in most of the buildings surveyed in these two areas. Of all the areas surveyed, Saskatoon posted the sole decrease (-0.1%).

Non-residential building construction rose 3.9% over the 12-month period ending in the second quarter. On an annual basis, construction costs rose the most in Ottawa (+5.7%) and in Vancouver (+5.1%), while Saskatoon (+2.2) and St. John’s (+1.1) reported to least amount of growth.

 

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Statistics Canada's Second Quarter Non-residential Construction Price Indices are now available. Click here to download a copy of Hanscomb's fourth Quarter Escalation Watch.
 
Statistics Canada's First Quarter Non-residential Construction Price Indices are now available. Click here to download a copy.
Statistics Canada's Fourth Quarter Non-residential Construction Price Indices are now available. Click here to download a copy of Hanscomb's fourth Quarter Escalation Watch.