Building construction price indexes (BCPI), percent change, by type of building and construction division. Quarterly data are available from the first quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Between 2022 and 2025, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly ***** percent higher in the last quarter of 2025 than in 2024, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2024 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2024, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.

Non-residential building construction price index (NRBCPI), by class of structure. Quarterly Data are available from first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2011=100).

Canada Construction Price Index: Non Residential Building: Structures: Institutional data was reported at 153.100 1997=100 in 2007. This records an increase from the previous number of 140.600 1997=100 for 2006. Canada Construction Price Index: Non Residential Building: Structures: Institutional data is updated yearly, averaging 130.800 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 153.100 1997=100 in 2007 and a record low of 116.800 1997=100 in 2003. Canada Construction Price Index: Non Residential Building: Structures: Institutional data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

High-rise apartments with five floors or more were the buildings with the highest construction price increase in Canada in 2024. On the other side of the spectrum, the price of building a school in the fifteen selected metro areas increased at a slightly lower pace that year, with a growth rate of **** percent.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Canada Construction Price Index: Apartment Building: Toronto data was reported at 156.100 1997=100 in 2007. This records an increase from the previous number of 147.800 1997=100 for 2006. Canada Construction Price Index: Apartment Building: Toronto data is updated yearly, averaging 139.200 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 156.100 1997=100 in 2007 and a record low of 124.800 1997=100 in 2003. Canada Construction Price Index: Apartment Building: Toronto data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

Non-residential building construction price index, relative importance. Annual weights are available 2002.

Canada Construction Price Index: Non Residential Building: Structures: Commercial data was reported at 157.900 1997=100 in 2007. This records an increase from the previous number of 143.400 1997=100 for 2006. Canada Construction Price Index: Non Residential Building: Structures: Commercial data is updated yearly, averaging 132.800 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 157.900 1997=100 in 2007 and a record low of 118.400 1997=100 in 2003. Canada Construction Price Index: Non Residential Building: Structures: Commercial data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

Non-residential building construction price index (NRBCPI), by class of structure. Quarterly Data are available from first quarter 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2011=100).

Canada Construction Price Index: Non Residential: Commercial: Toronto data was reported at 106.500 2023=100 in Mar 2025. This records an increase from the previous number of 105.800 2023=100 for Dec 2024. Canada Construction Price Index: Non Residential: Commercial: Toronto data is updated quarterly, averaging 40.200 2023=100 from Mar 1981 (Median) to Mar 2025, with 177 observations. The data reached an all-time high of 106.500 2023=100 in Mar 2025 and a record low of 17.800 2023=100 in Mar 1981. Canada Construction Price Index: Non Residential: Commercial: Toronto data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Non-residential building construction price index, relative importance. Annual weights are available 2002.

One of the building types with the highest construction costs in British Columbia (Canada) in 2024 were healthcare ambulatory care buildings. The construction of those buildings cost between *** and ***** Canadian dollars per square feet. That year, construction costs for residential health care buildings could reach up to *** Canadian dollars per square feet. In 2023, around 234,700 people were employed in the construction sector in British Columbia.

Canada Construction Price Index: Apartment Building data was reported at 154.300 1997=100 in 2007. This records an increase from the previous number of 141.800 1997=100 for 2006. Canada Construction Price Index: Apartment Building data is updated yearly, averaging 131.500 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 154.300 1997=100 in 2007 and a record low of 117.000 1997=100 in 2003. Canada Construction Price Index: Apartment Building data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100. Rebased from 1997=100 to 2002=100. Replacement series ID: 232276402

Apartment and non-residential building construction index (ABCPI) relative importance. Annual data are available from 1992.

Canada Construction Price Index: Apartment Building: Halifax data was reported at 135.700 1997=100 in 2007. This records an increase from the previous number of 130.000 1997=100 for 2006. Canada Construction Price Index: Apartment Building: Halifax data is updated yearly, averaging 123.800 1997=100 from Dec 2003 (Median) to 2007, with 5 observations. The data reached an all-time high of 135.700 1997=100 in 2007 and a record low of 113.000 1997=100 in 2003. Canada Construction Price Index: Apartment Building: Halifax data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA015: Construction Price Index: 1997=100.

Canada Construction Price Index: Residential: Single Detached House data was reported at 106.800 2023=100 in Mar 2025. This records an increase from the previous number of 105.900 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Single Detached House data is updated quarterly, averaging 70.100 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 106.800 2023=100 in Mar 2025 and a record low of 53.900 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Single Detached House data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the first quarter of 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is 2017=100.

Apartment and non-residential building construction index (ABCPI) relative importance. Annual data are available from 1992.

In 2024, clay and ceramic products and refractories were the construction materials with the highest price increase in Canada. The average price of that product was over ***** percent higher in 2024 than in the previous year. Meanwhile, the price of Asphalt, architectural metal, and a some other products decreased in 2024.