The composite price index for apartment building construction increased 0.6% in the second quarter compared with the previous quarter. The quarterly increase was mainly a result of higher labour costs.
All seven census metropolitan areas (CMAs) surveyed reported quarterly increases, ranging from 0.2% in Montréal to 1.0% in both Calgary and Edmonton.
Year over year, the composite price index for apartment building construction was up 2.8%. Of the CMAs surveyed, Edmonton (+4.6%) and Calgary (+4.5%) recorded the largest year-over-year increases, while Toronto (+2.0%) recorded the smallest gain.
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