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.

Building construction price indexes (BCPI) by type of building and construction division. 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).

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.

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).

Wholesale Prices in Canada increased to 144.10 points in June from 140.30 points in May of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Investment into residential housing construction has benefitted apartment and condominium construction activity in Canada in recent years. Immigration into Canada spurred record population growth during the period, deepening the housing crisis. In major urban centres, demand for housing units has exceeded the supply for years, inciting investment in retrofits and multistory apartment dwellings. Apartment contractors have been vital in filling the gaps in housing, with a low-interest environment and chronically low vacancy rates enticing investors at the beginning of the current period. The low housing supply and abundant demand kept investors bullish on apartments through the uncertainty of the pandemic, supporting growth. Still, the pandemic's disruption to global supply chains affected contractors when equipment and material costs reached unprecedented highs. Particularly through 2021 and 2022, materials price and wage inflation pushed up contractors’ rates, contributing to industry revenue growth. While subsequent years have seen slower building construction price inflation, high demand has kept price levels from falling. In all, industry-wide revenue has been rising at an expected CAGR of 4.0% over the past five years, totaling an estimated $61.6 billion in 2025, when revenue is anticipated to rise 1.9%. From early 2022 through May of 2024, the Bank of Canada steadily raised or maintained interest rates to combat inflation. Higher interest rates made developers more hesitant to invest in projects, driving up costs for builders and impeding profit. In 2024, however, the Bank of Canada began cutting interest rates consistently into 2025. Rates have been steady since March 2025 amid tariff uncertainty. Contractors will navigate a challenging landscape over the coming years. While interest rates will continue to fall, they will not reach pandemic lows. Labour shortages and continued elevated costs will also strain contractors' capacity. These challenges will affect the broader construction sector as well, pushing federal and provincial governments to introduce more infrastructure and workforce development programs. Over the next five years, apartment and condominium construction revenue is expected to expand at a CAGR of 1.1% to reach an estimated $65.2 billion in 2030.

Changes in Statistics Canada's Consumer Price Index (CPI) measures the rate of price change for goods and services bought by an average consumer in Edmonton. The CPI does not reflect the type of expenditures required to deliver municipal goods and services, such as construction materials, public transit equipment and professional services. It is worth noting that the CPI is not intended to compare costs of living across jurisdictions.

Splitgraph serves as an HTTP API that lets you run SQL queries directly on this data to power Web applications. For example:

See the Splitgraph documentation for more information.

General-Line Building Supplies Wholesalers in Canada distribute a broad range of building supplies that can include lumber, hardware, plumbing and electrical supplies, paint and glass to a plethora of downstream industries, most notably those in the construction sector. The industry benefited from positive trends that spurred residential construction activity domestically and in the neighbouring United States in 2020 and 2021. Despite broader disruptions created by the COVID-19 pandemic, a boom in home building, remodeling and renovation activity bolstered industry performance. High inflation also drove up revenue in these years as rising materials costs were passed along to customers; the industry has spent the rest of the five year period receding from this spike in revenue. In 2022, the Bank of Canada consistently began raising or maintaining high interest rates, cooling the residential construction market, till rate cuts began in 2024. Total industry revenue has declined at an expected CAGR of 0.3% to reach $11.7 billion through the end of 2025. This includes an expected increase in revenue of 1.4% in 2025 alone amid rate cuts. Wholesalers have continued to contend with adversity in the form of competition from large suppliers. Various large upstream manufacturers have developed their own in-house distribution divisions to replace wholesalers. This has posed a challenge for wholesalers, forcing companies to hold down prices to compete, slightly driving down industry profit. Many wholesalers, particularly small- and medium-sized dealers, have left the industry, while others have adapted by merging or acquiring smaller dealers. Overall, this has led to industry consolidation through the end of 2025. Industry performance is set to return to growth during the outlook period, rising at a CAGR of 1.4% to $12.5 billion through the end of 2030. Nonresidential markets, in particular, are forecast to rebound. Favourable eco-friendly tax measures on the part of government sources will likely further stimulate downstream renovation and remodeling activity. Still, rising uncertainty around tariff policy threatens to disrupt upstream building materials supply chains and disrupt downstream construction activity.

The Canadian residential construction market exhibits robust growth potential, driven by a consistently increasing population, urbanization trends, and government initiatives promoting affordable housing. The market, valued at approximately $100 billion CAD in 2025 (estimated based on provided CAGR and market size information), is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is fueled by strong demand in major cities like Toronto, Vancouver, Calgary, and Montreal, where population density and economic activity are high. While rising material costs and labor shortages pose challenges, innovative construction techniques and technological advancements are mitigating these restraints to some extent. The market segmentation reveals a significant share for multi-family dwellings, reflecting the increasing preference for apartments and condos in urban centers. The leading players, including PCL Construction, EllisDon, and others, are strategically positioning themselves to capitalize on this growth, focusing on sustainable and efficient building practices. The forecast indicates continued expansion across diverse segments. Single-family home construction, while vital, will likely witness more moderate growth compared to the multi-family segment. Regional variations will persist, with larger metropolitan areas experiencing faster growth than smaller cities and rural areas. Government policies influencing mortgage rates, building permits, and environmental regulations will play a critical role in shaping market trajectories. The continued focus on sustainable construction, energy efficiency, and smart home technologies will further drive innovation and attract investment in the sector. However, sustained economic growth and stable interest rates are crucial to maintain this positive momentum. Ongoing monitoring of inflation and material prices will be vital for accurate forecasting. Recent developments include: September 2022: PCL Construction was awarded Kindred Resort - Keystone's first major development in River Run in 20 years. This USD 184 million, 321,000 square-foot mixed-use development, designed by OZ Architecture, will consist of 95 luxury ski-in/ski-out condominiums and a 107-key full-service hotel, all just steps away from the River Run Gondola at Keystone Ski Resort. The development also includes 25,000 square feet of commercial space for restaurants, retail, and amenities including a pool, spa, fitness center, ski club, and event space. Preliminary construction activities are underway to relocate utilities. Construction will continue year-round and is scheduled for completion in June 2025., January 2023: PCL Construction broke ground on Schnitzer West Living's luxury residential community, the Avant, in the Denver Tech Center. The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property's outdoor pool and hot tub. The property is Schnitzer West's first multifamily residential building, bringing luxurious living experiences to Denver's Tech Center.. Notable trends are: Drop in Building Permits Due to High Interest Rates.

Keeping the lights on across industries and geographies, the electrician industry in Canada is a key component of the economy at large. With demand dispersed among many downstream construction markets, industry revenue is expected to have declined at a CAGR of 3.2% to $29.8 billion through the end of 2025, including an expected growth of 2.7% in 2025 alone as along with interest rate cuts and rising consumer confidence. Volatile costs have driven down average industry profit over the last five years. Over the past five years, electricians in Canada have dealt with fluctuating interest rates, and construction materials cost inflation, which has had varying impacts on downstream residential and nonresidential construction markets. At the height of the pandemic, demand from nonresidential construction wavered as economic activity was broadly disrupted. While demand from nonresidential construction returned as the economy reopened, residential demand fell as interest rates rose. While the Bank of Canada began cutting rates in 2024 and have continued to do so into 2025, they are still relatively high and have kept residential construction activity from reaching height seen earlier in the current period. As residential construction consistently accounts for over 60.0% of industry revenue, the electrical industry has yet to reach the heights it saw in 2020. Industry performance is expected to improve in the coming years. The value of nonresidential construction will continue to recover, supporting the industry. As interest rates continue to fall and consumer sentiment improves, demand from residential construction is set to return to growth. Surging immigration will add to the already significant demand for housing. Still, electrical contractors will continue to struggle with high costs (possibly exacerbated by a looming trade war with the US) and labour shortages. Overall, industry revenue is expected to climb at a CAGR of 2.2% to reach $33.3 billion in 2030.

Machinery and equipment price index (MEPI) by Supply Use Product Classification (SUPC). Quarterly Data are available from the first quarter of 1997. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2016=100).