The Industrial Product Price Index (IPPI) and Raw Materials Price Index (RMPI) series from Statistics Canada indicated a year-over-year increase in total construction material costs of +3.5% in July.
The pace of change varied to some degree depending on the type of construction.
Engineering/civil projects experienced the fastest y/y climb in building material costs, +4.1%, followed by residential, +3.2%. By comparison, non-residential building plodded ahead, +2.9%. read more >>