According to Statistics Canada, prices for residential building construction increased 0.5 percent in the fourth quarter, while the cost of non-residential building construction rose 0.4 percent.
At the national level, construction costs for different types of residential and non-residential buildings increased during the fourth quarter, with growth ranging from 0.3 percent to 0.5 percent. The largest quarterly price increase among residential buildings was for apartment buildings (+0.5 percent), while construction costs for non-residential buildings increased the most for factories (+0.5 percent).
Costs for residential (+2.3 percent) and non-residential (+2.2 percent) building construction were both up over the 12-month period ending in the fourth quarter.
Nationally, non-residential building construction costs rose 3.5 percent in 2019, while residential construction costs were up 2.9 percent.