The composite price index for non-residential building construction in Vancouver increased by 0.1% in 2013’s first quarter, according to Statistics Canada data released this morning.
Nationally, the index remained unchanged in the same period, following 11 consecutive quarterly increases.
Vancouver is also above average for year-over-year price increases, with a 1.3% bump when compared with 2012’s first quarter. Nationally, there was an increase of 1.1% over the same period.
Other locales that saw an increase year-over-year were:
- Halifax (1.5%);
- Calgary (1.4%); and
- Edmonton (1.4%).
Canada-wide, contractors reported that lower commodity prices in the mechanical and electrical trades were offset by increases in prices for architectural and structural trades.
