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November 04, 2025BUILDING CONSTRUCTION PRICE INDEX, Q3 2025 Halifax's residential building construction prices increased by 3.4% from Q3 2024 to Q3 2025. Across Canada, residential building construction costs were up by 3.3%. Among the 15 major urban centres reported, Regina, Québec City, and London reported the fastest rise in building construction prices. Moncton and Toronto reported the slowest increases in residential building construction costs.
In the last quarter of data, Halifax's year-over-year construction costs growth accelerated for most categories of residential structure (exception: high-rise apartments). Building construction costs growth was faster for single-detached dwellings (+4.0%) and low-rise apartment buildings (+3.6%) and slightly slower for townhouses (+3.0%) and high-rise apartment buildings (+2.8%).
Overall non-residential building costs were up 1.9% in Halifax from Q3 2024 to Q3 2025, the slowest growth among major urban centres. Across the 15 major Census Metropolitan Areas, overall non-residential building construction costs grew 4.2%. London and Québec City reported the fastest year-over-year growth in non-residential building construction costs.
In Halifax, the pace of building cost inflation edged up for all categories of non-residential structure except office buildings and bus depot/repair facilities. Growth was fastest for schools and factories while it was slower for bus depot/repair facilities and shopping centres.
Among components of building costs, residential construction inflation is highest for: utilities, plumbing, and thermal/moisture protection.
Non-residential building construction costs grew most rapidly for plumbing, followed by structural steel framing.
Fire suppression costs were down for both residential and non-residential buildings, year-over-year. Heating/ventilation/air condition cost declined for non-residential building construction (though was up for residential building construction).
Statistics Canada Notes on the Building Construction Price Index: The building construction price indexes are quarterly series that measure the change over time in the prices that contractors charge to construct a range of commercial, institutional, industrial and residential buildings in 15 census metropolitan areas: St. John's, Halifax, Moncton, Québec City, Montréal, Ottawa–Gatineau (Ontario part), Toronto, London, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver and Victoria.
These buildings include six non-residential structures: an office building, a warehouse, a shopping centre, a factory, a school, and a bus depot with maintenance and repair facilities. In addition, indexes are produced for five residential structures: a bungalow, a two-storey house, a townhouse, a high-rise apartment building (five storeys or more) and a low-rise apartment building (fewer than five storeys).
The contractor's price reflects the value of all materials, labour, equipment, overhead and profit to construct a new building. It excludes value-added taxes and any costs for land, land assembly, building design, land development and real estate fees.
With each release, data for the previous quarter may have been revised. The index is not seasonally adjusted.
Source: Statistics Canada. Table 18-10-0289-01 Building construction price indexes, by type of building and division
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