The composite price index for apartment building construction rose 0.5% in the second quarter compared with the previous quarter. This increase was the result of higher material prices and labour costs.
Of the seven census metropolitan areas (CMAs) surveyed, Ottawa–Gatineau, Ontario part (+0.8%) reported the largest increase, followed by Vancouver (+0.7%). Calgary (+0.3%) reported the smallest gain.
Year over year, the composite price index for apartment building construction was up 1.4%. Of the CMAs surveyed, Toronto (+2.0%) recorded the largest year-over-year increase, while Edmonton (+0.1%) and Calgary (+0.1%) recorded the smallest gains compared with the second quarter of 2014.