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Provincial office construction cost

British Columbia office construction price index.

109.8 in Q2 2026 against 2023 = 100. +0.3% over the year.

Index109.8
Quarterly change+0.0%
Annual change+0.3%
Five-year change+29.8%
Ten-year change—
Quarters published38

Trend

Q1 2017 to Q2 2026. The dashed line is the 2023 base.

7080901001102017201820192020202120222023202420252026109.8

Quarterly history

Every published quarter, newest first.

38 quarters
QuarterIndexRelative to 2023
Q2 2026109.8+9.8%
Q1 2026109.8+9.8%
Q4 2025109.4+9.4%
Q3 2025109.4+9.4%
Q2 2025109.5+9.5%
Q1 2025108.4+8.4%
Q4 2024106.9+6.9%
Q3 2024106.5+6.5%
Q2 2024105.3+5.3%
Q1 2024103.7+3.7%
Q4 2023102.9+2.9%
Q3 2023100.8+0.8%
Q2 202399.4-0.6%
Q1 202396.9-3.1%
Q4 202295.0-5.0%
Q3 202293.7-6.3%
Q2 202292.1-7.9%
Q1 202289.6-10.4%
Q4 202187.7-12.3%
Q3 202186.1-13.9%
Q2 202184.6-15.4%
Q1 202182.6-17.4%
Q4 202082.2-17.8%
Q3 202082.4-17.6%
Q2 202082.3-17.7%
Q1 202082.4-17.6%
Q4 201982.1-17.9%
Q3 201981.9-18.1%
Q2 201981.7-18.3%
Q1 201981.5-18.5%
Q4 201880.5-19.5%
Q3 201879.7-20.3%
Q2 201878.1-21.9%
Q1 201876.8-23.2%
Q4 201775.9-24.1%
Q3 201774.7-25.3%
Q2 201774.0-26.0%
Q1 201772.9-27.1%

Questions

Scope of this index.

How much has office construction cost changed in British Columbia?

The index stood at 109.8 in Q2 2026 against 2023 = 100: +0.3% over one year, +29.8% over five. The series for British Columbia begins in Q1 2017, so a ten-year change is not available.

Is this a cost per square foot?

No. It is a price index for a fixed model office building. It measures how much prices moved, not what any project costs.

Source: Statistics Canada, table 18-10-0289-01, Building construction price indexes, by type of building and division. Released 2026-07-24. Statistics Canada Open Licence.

Boundary: This is a price index for a fixed model building, not a dollar figure, not a cost per square foot and not a construction quote. An index of 111 means prices 11% above the base period for that model building, not that a particular project will cost that much more. Divisions are published from Q1 2017 only.