Residential construction costs rose 0.8% in the third quarter
Published by BriefDash · · Toronto
Statistics Canada reported October 29 that residential building construction costs increased 0.8% in the third quarter of 2026, following 0.6% in the previous quarter. Costs were 2.7% higher than a year earlier across the 15 metropolitan areas in the composite index. Toronto’s quarterly increase was 0.4%. These indexes track construction costs, rather than the prices buyers pay for completed homes.
Why it matters
The figures show building-cost pressures without confusing them with changes in home resale prices.
Source dated October 29, 2026 · Statistics Canada ↗
Adapted from Statistics Canada, Building construction price indexes, third quarter 2026, released October 29, 2026. This does not constitute an endorsement by Statistics Canada of this product.
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