Apartment Building Construction Price
Index, fourth quarter 2016
Released at 8:30 a.m. Eastern time in The Daily, Tuesday, February 14, 2017
The Apartment Building Construction Price Index (ABCPI) rose 0.9% in the fourth quarter compared with the
previous quarter. This was the fifth consecutive increase and the largest gain since the third quarter of 2011.
Of the seven census metropolitan areas (CMAs) surveyed, Vancouver (+1.5%) reported the largest quarterly
increase. The price index was unchanged in Halifax.
Year over year, the ABCPI was up 2.0% in the fourth quarter. Vancouver (+2.8%) and Toronto (+2.7%) posted the
largest gains. Edmonton was the only CMA to record no change compared with the fourth quarter of 2015.
Note to readers
The Apartment Building Construction Price Index is a quarterly series that measures the changes in contractors' selling prices of new
apartment building construction in seven census metropolitan areas: Halifax, Montréal, Ottawa–Gatineau (Ontario part), Toronto, Calgary,
Edmonton and Vancouver.
Selling prices include the costs of materials, labour and equipment, provincial sales taxes where applicable, and contractors' overhead
and profit. The costs of land, land assembly, design and development, as well as real estate fees, are excluded. Value added taxes such
as the federal Goods and Services Tax and the harmonized sales tax are excluded.
With each release, data for the previous quarter may have been revised. The index is not seasonally adjusted.
Table 1
Apartment Building Construction Price Index1 – Not seasonally adjusted
Relative
importance2
Fourth quarter
2015
%
Composite index
Halifax
Montréal
Ottawa–Gatineau, Ontario part3
Toronto
Calgary
Edmonton
Vancouver
r
p
100.0
2.1
18.4
2.7
32.3
12.4
6.0
26.1
Third quarter
2016r
Fourth quarter
2016p
(2002=100)
149.6
145.2
145.1
152.9
150.9
169.4
165.3
152.6
151.2
145.5
146.2
153.9
154.0
168.4
164.5
154.5
Third quarter to
fourth quarter
2016
Fourth quarter
2015 to fourth
quarter 2016
% change
152.6
145.5
147.5
154.2
155.0
169.8
165.3
156.8
0.9
0.0
0.9
0.2
0.6
0.8
0.5
1.5
revised
preliminary
1. Go online to view the census subdivisions that make up the census metropolitan areas (CMAs).
2. The relative importance is calculated using a price adjusted three-year average of the value of building permits for each CMA.
3. For the Ottawa–Gatineau metropolitan area, only Ontario contractors are surveyed for the Apartment Building Construction Price Index because of different
provincial legislation and construction union contracts.
Source(s): CANSIM table 327-0044.
2.0
0.2
1.7
0.9
2.7
0.2
0.0
2.8
The Daily, Tuesday, February 14, 2017
Available in CANSIM: table 327-0044.
Definitions, data sources and methods: survey number 2330.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us
(toll-free 1-800-263-1136; 514-283-8300; [email protected]) or Media
Relations (613-951-4636; [email protected]).
2
Component of Statistics Canada catalogue no. 11-001-X