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Escalation Watch Fouth Quarter 2015

Statistics Canada’s 2015, fourth quarter, Non-residential Building Construction Price Indices are now available.  The first quarter indices for 2016 will be available mid-May.

In the fourth quarter, the national composite index has reported an increase of 0.3% compared with the previous quarter.  This increase can be attributed to higher material prices reported by architectural and structural trades in the industrial sector.

Of the seven census metropolitan areas surveyed, Montreal (1.2%) led the way with the largest quarterly increase, followed by Ottawa (0.4%) and Toronto (0.3%).  Calgary (-0.2%) and Edmonton (-0.2%) continued their slides, reporting the only declines.

Year over year, the composite price index rose 0.7%. The largest year over year increases were reported in Toronto and Vancouver, both up 1.7%.  Edmonton and Calgary, both down -1.4% reported the only decreases compared with the fourth quarter 2014.

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

- Susan Neil, PQS, MRICS
  Executive Vice President

Latest News

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!
The mid-August 2015 Non-residential Construction Price Indices were released by Statistics Canada on November 10th. The fourth quarter indices for 2015 will be available mid-February 2016.  Click here to download a copy of Hanscomb's third quarter 2015 Escalation Watch .

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