Commercial construction prices Canada 2023, by city | Statista

In 2023, the construction prices of non-residential buildings reached growth rates of over five percent in several Canadian cities. Construction costs for commercial buildings in Moncton grew by over 12 percent in 2022 and 2023. While construction costs for that type of building in Quebec rose by 5.5 percent in 2023. The residential construction costs in these Canadian cities also increased that year.

Annual growth rate of non-residential building construction prices in selected cities in Canada from 2018 to 2023

Characteristic	2018	2019	2020	2021	2022	2023
St. John's	1.33%	0.84%	0.47%	7.26%	8.18%	3.82%
Halifax	3.25%	2.47%	1.75%	7.41%	9.69%	5.56%
Moncton	2.85%	3.5%	1.32%	4.1%	12.25%	12.06%
Montréal	4.67%	4.47%	3.29%	8.74%	12.95%	5.5%
Ottawa-Gatineau	5.15%	4.85%	2.93%	11.54%	13.59%	8.43%
Toronto	4.6%	3.85%	2.55%	9.58%	16.24%	8.21%
Winnipeg	2.82%	2.38%	0.78%	6.17%	8.57%	4.37%
Saskatoon	2.33%	1.66%	-0.1%	3.95%	8.96%	4.82%
Calgary	2.08%	2.01%	0.48%	4.04%	8.98%	4.68%
Edmonton	2.47%	2.59%	0.4%	7.27%	12.41%	5.01%
Vancouver	5.4%	4.1%	0.64%	4.19%	9.43%	8.68%

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Release date

June 2024

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Region

Canada

Survey time period

2018 to 2023

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