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Office construction cost

Calgary office construction price index.

111.4 in Q2 2026 against 2023 = 100. +3.4% over the year.

Index111.4
Quarterly change+1.3%
Annual change+3.4%
Five-year change+27.2%
Ten-year change+37.9%
Quarters published182

Trend

Q1 1981 to Q2 2026. The dashed line is the 2023 base.

305070901101981198619911996200120062011201620212026111.4

Fit-out trades

By MasterFormat division, ranked by annual change. Published from Q1 2017.

Trade divisionIndexAnnual changeFive-year changeSince
Plumbing127.6+7.1%+43.0%Q1 2017
Openings106.2+4.9%+31.6%Q1 2017
Heating, ventilation and air conditioning118.9+4.5%+28.8%Q1 2017
Finishes112.1+1.7%+37.5%Q1 2017
Communications109.0+1.4%+20.7%Q1 2017
Electrical109.6+0.2%+15.9%Q1 2017
Conveying equipment108.9+0.0%+19.7%Q1 2017
Fire Suppression105.8-3.1%+18.1%Q1 2017

Quarterly history

Every published quarter, newest first.

182 quarters
QuarterIndexRelative to 2023
Q2 2026111.4+11.4%
Q1 2026110.0+10.0%
Q4 2025108.8+8.8%
Q3 2025108.1+8.1%
Q2 2025107.7+7.7%
Q1 2025106.4+6.4%
Q4 2024105.2+5.2%
Q3 2024105.6+5.6%
Q2 2024104.5+4.5%
Q1 2024102.9+2.9%
Q4 2023101.3+1.3%
Q3 2023100.7+0.7%
Q2 202399.7-0.3%
Q1 202398.3-1.7%
Q4 202297.1-2.9%
Q3 202296.6-3.4%
Q2 202294.7-5.3%
Q1 202293.1-6.9%
Q4 202190.7-9.3%
Q3 202189.0-11.0%
Q2 202187.6-12.4%
Q1 202185.6-14.4%
Q4 202085.6-14.4%
Q3 202085.7-14.3%
Q2 202085.8-14.2%
Q1 202085.9-14.1%
Q4 201985.5-14.5%
Q3 201985.6-14.4%
Q2 201985.5-14.5%
Q1 201985.4-14.6%
Q4 201885.0-15.0%
Q3 201884.5-15.5%
Q2 201883.7-16.3%
Q1 201883.3-16.7%
Q4 201782.9-17.1%
Q3 201782.7-17.3%
Q2 201782.6-17.4%
Q1 201782.2-17.8%
Q4 201681.3-18.7%
Q3 201680.8-19.2%
Q2 201680.8-19.2%
Q1 201682.1-17.9%
Q4 201582.6-17.4%
Q3 201582.9-17.1%
Q2 201583.8-16.2%
Q1 201583.5-16.5%
Q4 201483.6-16.4%
Q3 201483.6-16.4%
Q2 201483.8-16.2%
Q1 201483.3-16.7%
Q4 201383.0-17.0%
Q3 201382.8-17.2%
Q2 201382.2-17.8%
Q1 201381.9-18.1%
Q4 201281.9-18.1%
Q3 201281.7-18.3%
Q2 201281.5-18.5%
Q1 201280.9-19.1%
Q4 201179.7-20.3%
Q3 201179.1-20.9%
Q2 201178.6-21.4%
Q1 201177.7-22.3%
Q4 201077.2-22.8%
Q3 201077.0-23.0%
Q2 201077.6-22.4%
Q1 201076.7-23.3%
Q4 200977.3-22.7%
Q3 200977.5-22.5%
Q2 200978.1-21.9%
Q1 200980.9-19.1%
Q4 200884.5-15.5%
Q3 200888.7-11.3%
Q2 200885.5-14.5%
Q1 200879.4-20.6%
Q4 200777.4-22.6%
Q3 200776.1-23.9%
Q2 200774.0-26.0%
Q1 200771.3-28.7%
Q4 200668.4-31.6%
Q3 200664.2-35.8%
Q2 200661.2-38.8%
Q1 200658.5-41.5%
Q4 200557.7-42.3%
Q3 200556.6-43.4%
Q2 200555.7-44.3%
Q1 200554.4-45.6%
Q4 200454.0-46.0%
Q3 200453.6-46.4%
Q2 200452.5-47.5%
Q1 200451.5-48.5%
Q4 200350.5-49.5%
Q3 200350.4-49.6%
Q2 200350.3-49.7%
Q1 200350.0-50.0%
Q4 200249.3-50.7%
Q3 200249.1-50.9%
Q2 200248.8-51.2%
Q1 200248.3-51.7%
Q4 200147.9-52.1%
Q3 200147.8-52.2%
Q2 200147.6-52.4%
Q1 200147.3-52.7%
Q4 200047.2-52.8%
Q3 200046.4-53.6%
Q2 200045.7-54.3%
Q1 200045.2-54.8%
Q4 199944.8-55.2%
Q3 199944.5-55.5%
Q2 199944.4-55.6%
Q1 199943.8-56.2%
Q4 199843.5-56.5%
Q3 199843.3-56.7%
Q2 199843.2-56.8%
Q1 199843.0-57.0%
Q4 199742.6-57.4%
Q3 199742.4-57.6%
Q2 199742.0-58.0%
Q1 199741.6-58.4%
Q4 199641.4-58.6%
Q3 199641.4-58.6%
Q2 199641.3-58.7%
Q1 199641.1-58.9%
Q4 199541.0-59.0%
Q3 199540.9-59.1%
Q2 199540.8-59.2%
Q1 199540.7-59.3%
Q4 199440.0-60.0%
Q3 199439.9-60.1%
Q2 199439.7-60.3%
Q1 199439.3-60.7%
Q4 199339.2-60.8%
Q3 199339.2-60.8%
Q2 199339.2-60.8%
Q1 199339.1-60.9%
Q4 199239.3-60.7%
Q3 199239.2-60.8%
Q2 199239.0-61.0%
Q1 199238.7-61.3%
Q4 199138.6-61.4%
Q3 199138.6-61.4%
Q2 199138.7-61.3%
Q1 199138.9-61.1%
Q4 199039.0-61.0%
Q3 199039.2-60.8%
Q2 199039.1-60.9%
Q1 199038.7-61.3%
Q4 198938.2-61.8%
Q3 198937.8-62.2%
Q2 198937.0-63.0%
Q1 198936.0-64.0%
Q4 198834.7-65.3%
Q3 198833.4-66.6%
Q2 198832.8-67.2%
Q1 198832.4-67.6%
Q4 198731.9-68.1%
Q3 198731.4-68.6%
Q2 198731.3-68.7%
Q1 198731.1-68.9%
Q4 198631.3-68.7%
Q3 198631.5-68.5%
Q2 198631.3-68.7%
Q1 198630.9-69.1%
Q4 198530.7-69.3%
Q3 198530.5-69.5%
Q2 198530.6-69.4%
Q1 198530.8-69.2%
Q4 198431.0-69.0%
Q3 198431.3-68.7%
Q2 198431.5-68.5%
Q1 198431.7-68.3%
Q4 198332.3-67.7%
Q3 198332.8-67.2%
Q2 198333.4-66.6%
Q1 198334.1-65.9%
Q4 198235.0-65.0%
Q3 198236.0-64.0%
Q2 198235.6-64.4%
Q1 198235.2-64.8%
Q4 198134.6-65.4%
Q3 198133.9-66.1%
Q2 198133.1-66.9%
Q1 198132.3-67.7%

Questions

Scope of this index.

How much has office construction cost changed in Calgary?

The index stood at 111.4 in Q2 2026 against 2023 = 100: +3.4% over one year, +27.2% over five and +37.9% over ten.

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.