Composite price index for non-residential construction up 0.6 per cent

According to a recent Statistics Canada report, the composite price index for non-residential building construction was up 0.6 per cent in the second quarter of 2012 (Q2 2012), when compared to Q1 2012.

The jump was fuelled largely by increased labour costs.

Seven census metropolitan areas (CMAs) were surveyed and all of them reported quarterly gains, with Edmonton and Calgary reporting the highest increases at 0.8 per cent.

Other cities surveyed were: Halifax (0.6 per cent), Montreal (0.3 per cent), Ottawa-Gatineau (0.6 per cent), Toronto (0.5 per cent) and Vancouver (0.7 per cent).

The year over year composite price index was up 3.1 per cent, with Edmonton (4.2 per cent) and Calgary (4.0 per cent) experiencing the largest gains and Halifax (1.9 per cent) experiencing the lowest increase.

To view the report, click here.

Source: Statistics Canada