The composite price index for apartment building construction increased 0.4% in the fourth quarter compared with the previous quarter. The quarterly change was mainly a result of continued strength in this sector of the residential construction market.
All of the seven census metropolitan areas (CMAs) surveyed reported quarterly increases varying from 0.1% to 0.9%. Edmonton and Calgary (both +0.9%) posted the largest increases.
Year over year, the composite price index for apartment building construction was up 3.7%. Of the CMAs surveyed, Ottawa–Gatineau, Ontario part (+4.4%) recorded the largest year-over-year increase, while Halifax (+3.2%) recorded the smallest gain.