Of all non-residential buildings surveyed, the cost to build bus depots with maintenance and repair facilities and factories (both up by 1.9%) rose the most in the 11- CMA composite. Non-residential building construction cost growth was led by cost increases in structural steel framing (+2.5%), followed by concrete and metal fabrications (both up by 2.3%). Higher costs for steel and concrete led non-residential construction price growth Most CMAs covered by the survey recorded their lowest quarterly increases of the year in the fourth quarter. In the 11-census metropolitan area ( CMA) composite, the cost to build high-rise apartments (+1.7%) grew the most of all residential buildings in scope for the survey, followed by low-rise apartments (+1.0%).Ĭosts to construct residential buildings increased the most in Vancouver (+1.6%), followed by St. Costs in the wood, plastics and composites division (+0.5%) grew at a slower rate compared with previous highs, which can be attributed to the continued decline in lumber prices. Residential building construction costs in the fourth quarter were driven by cost increases in equipment (+2.6%), metal fabrications (+2.4%), and concrete (+2.2%). Rising concrete costs contribute to higher residential construction costs
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