| Building Construction Price Index Members |
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What it means for your work
Pick your roleThe index shows where prices stood in mid-August. Use it to test a budget or a bid, then confirm with current quotes.
15 cities compared
Where London ranksMeasure
LondonOther cities15-city compositeOntario
Select a city to open its trend below. Source: Statistics Canada, table 18-10-0289-01. Index 2023 = 100.
Explore the index
How prices have moved since 2020Show
Trade divisions (MasterFormat)
Look up your tradeWhere the increase comes fromDivision over timeAnnual price change, non-residential buildings. Select any row in the table to chart it. Weight is the division's share of the building type's price in that place. Points = weight × annual change, the amount each division adds to the overall rate. Structural and architectural divisions are priced from a contractor survey; mechanical and electrical from administrative data.
Six model buildings
London is higher for every building typeAnnual price change by model building, latest quarter. Mostly price, less the mix of buildingsPrices rising faster within each typeMore factory in London's mix
London's weight in the national indexFactoryOther building types
Budget check
Test a budget against the indexApply the observed change for your place, building type and trade to a scope of work. It looks back, so treat it as a test of a budget and get current quotes before you commit.
Tariff timing
Steel was rising before SeptemberLondonCanada (15 cities)
Structural steel framing, annual price change, non-residential buildings.
What the evidence supports
Measured, context and open questionsUse it for
Add current evidence for
It cannot give you
Method, sources and limits
How to read these figuresWhat the index measuresThe index tracks quarterly changes in the price contractors charge to construct six representative non-residential buildings: an office, a warehouse, a shopping centre, a factory, a school and a bus depot. The price includes materials, labour, equipment, overhead and profit. It excludes land, design, development charges, real estate fees and value-added taxes. Statistics Canada groups the factory and bus depot as industrial, and the office, warehouse and shopping centre as commercial. Index levels show change since 2023 and say nothing about cost per square foot between cities. What counts as LondonHow LDCA made its calculationsDivision points. Each division's weight in the selected index, multiplied by its annual price change. Points sum close to the published rate; the small difference arises because weights are updated once a year. Mix and price. London's gap over Ontario is split across the six building types. The mix part is half the difference in weights times the sum of the two rates. The price part is half the difference in rates times the sum of the two weights. Budget check. Value × observed change for the place, building type and trade selected. It is a look back, not a forecast. Limits. Weights change once a year, so a split across four quarters is an approximation. Statistics Canada publishes no response counts or margins of error by city. Sources
London & District Construction Association
Questions: Kerry Rajotte, Director of Membership Development & Education · 519-453-5322 · kbrajotte@ldca.on.ca |