OfficeBuildings.ca / National office construction cost
National office construction costFifteen census metropolitan area composite office construction price index.
110.3 in Q2 2026 against 2023 = 100. +2.0% over the year.
Index110.3
Quarterly change+0.8%
Annual change+2.0%
Five-year change+33.4%
Ten-year change+56.2%
Quarters published182
Trend
Q1 1981 to Q2 2026. The dashed line is the 2023 base.
Fit-out trades
By MasterFormat division, ranked by annual change. Published from Q1 2017.
| Trade division | Index | Annual change | Five-year change | Since |
|---|---|---|---|---|
| Conveying equipment | 122.8 | +7.2% | +46.0% | Q1 2017 |
| Plumbing | 124.0 | +7.1% | +44.7% | Q1 2017 |
| Heating, ventilation and air conditioning | 114.1 | +3.4% | +26.2% | Q1 2017 |
| Openings | 112.7 | +3.3% | +40.5% | Q1 2017 |
| Finishes | 112.2 | +2.3% | +45.1% | Q1 2017 |
| Communications | 108.7 | +2.0% | +29.7% | Q1 2017 |
| Electrical | 108.3 | +1.2% | +17.1% | Q1 2017 |
| Fire Suppression | 102.1 | -4.0% | +15.9% | Q1 2017 |
Quarterly history
Every published quarter, newest first.
182 quarters
| Quarter | Index | Relative to 2023 |
|---|---|---|
| Q2 2026 | 110.3 | +10.3% |
| Q1 2026 | 109.4 | +9.4% |
| Q4 2025 | 108.8 | +8.8% |
| Q3 2025 | 108.5 | +8.5% |
| Q2 2025 | 108.1 | +8.1% |
| Q1 2025 | 106.8 | +6.8% |
| Q4 2024 | 105.5 | +5.5% |
| Q3 2024 | 104.7 | +4.7% |
| Q2 2024 | 104.0 | +4.0% |
| Q1 2024 | 102.7 | +2.7% |
| Q4 2023 | 101.9 | +1.9% |
| Q3 2023 | 100.9 | +0.9% |
| Q2 2023 | 99.3 | -0.7% |
| Q1 2023 | 97.9 | -2.1% |
| Q4 2022 | 96.3 | -3.7% |
| Q3 2022 | 94.7 | -5.3% |
| Q2 2022 | 92.7 | -7.3% |
| Q1 2022 | 89.7 | -10.3% |
| Q4 2021 | 87.1 | -12.9% |
| Q3 2021 | 84.9 | -15.1% |
| Q2 2021 | 82.7 | -17.3% |
| Q1 2021 | 79.9 | -20.1% |
| Q4 2020 | 79.3 | -20.7% |
| Q3 2020 | 79.3 | -20.7% |
| Q2 2020 | 79.0 | -21.0% |
| Q1 2020 | 78.9 | -21.1% |
| Q4 2019 | 78.5 | -21.5% |
| Q3 2019 | 78.2 | -21.8% |
| Q2 2019 | 77.9 | -22.1% |
| Q1 2019 | 77.5 | -22.5% |
| Q4 2018 | 76.8 | -23.2% |
| Q3 2018 | 76.2 | -23.8% |
| Q2 2018 | 75.0 | -25.0% |
| Q1 2018 | 74.0 | -26.0% |
| Q4 2017 | 73.3 | -26.7% |
| Q3 2017 | 72.8 | -27.2% |
| Q2 2017 | 72.6 | -27.4% |
| Q1 2017 | 72.0 | -28.0% |
| Q4 2016 | 71.3 | -28.7% |
| Q3 2016 | 70.8 | -29.2% |
| Q2 2016 | 70.6 | -29.4% |
| Q1 2016 | 70.5 | -29.5% |
| Q4 2015 | 70.3 | -29.7% |
| Q3 2015 | 70.3 | -29.7% |
| Q2 2015 | 70.5 | -29.5% |
| Q1 2015 | 70.2 | -29.8% |
| Q4 2014 | 69.9 | -30.1% |
| Q3 2014 | 69.9 | -30.1% |
| Q2 2014 | 69.8 | -30.2% |
| Q1 2014 | 69.4 | -30.6% |
| Q4 2013 | 69.0 | -31.0% |
| Q3 2013 | 68.9 | -31.1% |
| Q2 2013 | 68.7 | -31.3% |
| Q1 2013 | 68.3 | -31.7% |
| Q4 2012 | 68.4 | -31.6% |
| Q3 2012 | 68.2 | -31.8% |
| Q2 2012 | 68.1 | -31.9% |
| Q1 2012 | 67.7 | -32.3% |
| Q4 2011 | 67.1 | -32.9% |
| Q3 2011 | 66.8 | -33.2% |
| Q2 2011 | 66.3 | -33.7% |
| Q1 2011 | 65.5 | -34.5% |
| Q4 2010 | 64.6 | -35.4% |
| Q3 2010 | 64.4 | -35.6% |
| Q2 2010 | 64.4 | -35.6% |
| Q1 2010 | 63.6 | -36.4% |
| Q4 2009 | 63.7 | -36.3% |
| Q3 2009 | 63.9 | -36.1% |
| Q2 2009 | 64.6 | -35.4% |
| Q1 2009 | 65.9 | -34.1% |
| Q4 2008 | 68.7 | -31.3% |
| Q3 2008 | 71.1 | -28.9% |
| Q2 2008 | 69.1 | -30.9% |
| Q1 2008 | 65.4 | -34.6% |
| Q4 2007 | 63.7 | -36.3% |
| Q3 2007 | 63.0 | -37.0% |
| Q2 2007 | 61.9 | -38.1% |
| Q1 2007 | 59.7 | -40.3% |
| Q4 2006 | 58.3 | -41.7% |
| Q3 2006 | 56.7 | -43.3% |
| Q2 2006 | 55.3 | -44.7% |
| Q1 2006 | 53.9 | -46.1% |
| Q4 2005 | 53.1 | -46.9% |
| Q3 2005 | 52.4 | -47.6% |
| Q2 2005 | 51.7 | -48.3% |
| Q1 2005 | 50.9 | -49.1% |
| Q4 2004 | 50.8 | -49.2% |
| Q3 2004 | 50.4 | -49.6% |
| Q2 2004 | 49.3 | -50.7% |
| Q1 2004 | 48.2 | -51.8% |
| Q4 2003 | 47.3 | -52.7% |
| Q3 2003 | 47.1 | -52.9% |
| Q2 2003 | 46.8 | -53.2% |
| Q1 2003 | 46.5 | -53.5% |
| Q4 2002 | 46.1 | -53.9% |
| Q3 2002 | 45.8 | -54.2% |
| Q2 2002 | 45.6 | -54.4% |
| Q1 2002 | 45.5 | -54.5% |
| Q4 2001 | 45.1 | -54.9% |
| Q3 2001 | 45.1 | -54.9% |
| Q2 2001 | 45.1 | -54.9% |
| Q1 2001 | 44.8 | -55.2% |
| Q4 2000 | 44.6 | -55.4% |
| Q3 2000 | 44.2 | -55.8% |
| Q2 2000 | 43.6 | -56.4% |
| Q1 2000 | 42.6 | -57.4% |
| Q4 1999 | 42.0 | -58.0% |
| Q3 1999 | 41.8 | -58.2% |
| Q2 1999 | 41.6 | -58.4% |
| Q1 1999 | 41.2 | -58.8% |
| Q4 1998 | 41.1 | -58.9% |
| Q3 1998 | 40.9 | -59.1% |
| Q2 1998 | 40.8 | -59.2% |
| Q1 1998 | 40.7 | -59.3% |
| Q4 1997 | 40.4 | -59.6% |
| Q3 1997 | 40.3 | -59.7% |
| Q2 1997 | 40.1 | -59.9% |
| Q1 1997 | 39.8 | -60.2% |
| Q4 1996 | 39.6 | -60.4% |
| Q3 1996 | 39.5 | -60.5% |
| Q2 1996 | 39.4 | -60.6% |
| Q1 1996 | 39.1 | -60.9% |
| Q4 1995 | 39.0 | -61.0% |
| Q3 1995 | 38.9 | -61.1% |
| Q2 1995 | 38.7 | -61.3% |
| Q1 1995 | 38.6 | -61.4% |
| Q4 1994 | 38.0 | -62.0% |
| Q3 1994 | 37.8 | -62.2% |
| Q2 1994 | 37.6 | -62.4% |
| Q1 1994 | 37.2 | -62.8% |
| Q4 1993 | 37.1 | -62.9% |
| Q3 1993 | 37.0 | -63.0% |
| Q2 1993 | 37.0 | -63.0% |
| Q1 1993 | 36.7 | -63.3% |
| Q4 1992 | 36.8 | -63.2% |
| Q3 1992 | 36.8 | -63.2% |
| Q2 1992 | 37.0 | -63.0% |
| Q1 1992 | 36.8 | -63.2% |
| Q4 1991 | 36.8 | -63.2% |
| Q3 1991 | 36.8 | -63.2% |
| Q2 1991 | 37.0 | -63.0% |
| Q1 1991 | 37.0 | -63.0% |
| Q4 1990 | 38.0 | -62.0% |
| Q3 1990 | 38.1 | -61.9% |
| Q2 1990 | 38.6 | -61.4% |
| Q1 1990 | 37.7 | -62.3% |
| Q4 1989 | 37.3 | -62.7% |
| Q3 1989 | 37.1 | -62.9% |
| Q2 1989 | 36.8 | -63.2% |
| Q1 1989 | 35.9 | -64.1% |
| Q4 1988 | 35.3 | -64.7% |
| Q3 1988 | 34.7 | -65.3% |
| Q2 1988 | 34.1 | -65.9% |
| Q1 1988 | 33.4 | -66.6% |
| Q4 1987 | 32.9 | -67.1% |
| Q3 1987 | 32.7 | -67.3% |
| Q2 1987 | 32.3 | -67.7% |
| Q1 1987 | 31.9 | -68.1% |
| Q4 1986 | 31.2 | -68.8% |
| Q3 1986 | 30.7 | -69.3% |
| Q2 1986 | 30.3 | -69.7% |
| Q1 1986 | 30.0 | -70.0% |
| Q4 1985 | 29.9 | -70.1% |
| Q3 1985 | 29.5 | -70.5% |
| Q2 1985 | 29.3 | -70.7% |
| Q1 1985 | 28.9 | -71.1% |
| Q4 1984 | 28.9 | -71.1% |
| Q3 1984 | 28.9 | -71.1% |
| Q2 1984 | 28.9 | -71.1% |
| Q1 1984 | 29.1 | -70.9% |
| Q4 1983 | 29.3 | -70.7% |
| Q3 1983 | 29.5 | -70.5% |
| Q2 1983 | 29.6 | -70.4% |
| Q1 1983 | 29.6 | -70.4% |
| Q4 1982 | 30.0 | -70.0% |
| Q3 1982 | 30.4 | -69.6% |
| Q2 1982 | 30.1 | -69.9% |
| Q1 1982 | 29.9 | -70.1% |
| Q4 1981 | 29.2 | -70.8% |
| Q3 1981 | 28.1 | -71.9% |
| Q2 1981 | 27.3 | -72.7% |
| Q1 1981 | 26.7 | -73.3% |
Questions
Scope of this index.
How much has office construction cost changed in Fifteen census metropolitan area composite?
The index stood at 110.3 in Q2 2026 against 2023 = 100: +2.0% over one year, +33.4% over five and +56.2% 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.