High-rise apartments with five floors or more were the buildings with the highest construction price increase in Canada in 2023. On the other side of the spectrum, the price of building a school was well below the average for eleven metropolitan areas across the country in the past years. In 2021 and 2022, the construction of several types of buildings saw two-figure growth rates.
Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building
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Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building
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Composite of eleven metropolitan areas, see more in the details tab.
Supplementary notes
The data is a composite of eleven metropolitan areas, including: St. John's, Halifax, Moncton, Montréal, Ottawa-Gatineau, Toronto, Winnipeg, Saskatoon, Calgary, Edmonton, Vancouver.
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Statista. (June 11, 2024). Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building [Graph]. In Statista. Retrieved May 21, 2025, from https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/
Statista. "Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building." Chart. June 11, 2024. Statista. Accessed May 21, 2025. https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/
Statista. (2024). Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building. Statista. Statista Inc.. Accessed: May 21, 2025. https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/
Statista. "Annual Growth Rate of Building Construction Prices in Metropolitan Areas of Canada from 2018 to 2023, by Type of Building." Statista, Statista Inc., 11 Jun 2024, https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/
Statista, Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building Statista, https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/ (last visited May 21, 2025)
Annual growth rate of building construction prices in metropolitan areas of Canada from 2018 to 2023, by type of building [Graph], Statista, June 11, 2024. [Online]. Available: https://www.statista.com/statistics/1344162/canada-price-index-for-building-construction-by-type-of-building/
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