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Office construction cost

Halifax office construction price index.

108.4 in Q2 2026 against 2023 = 100. +3.6% over the year.

Index108.4
Quarterly change+0.8%
Annual change+3.6%
Five-year change+23.9%
Ten-year change+44.1%
Quarters published182

Trend

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

304050607080901001101981198619911996200120062011201620212026108.4

Fit-out trades

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

Trade divisionIndexAnnual changeFive-year changeSince
Openings113.7+9.0%+28.0%Q1 2017
Plumbing120.6+6.8%+37.2%Q1 2017
Finishes106.1+4.5%+23.7%Q1 2017
Heating, ventilation and air conditioning110.9+3.5%+23.9%Q1 2017
Conveying equipment103.0+3.0%+6.6%Q1 2017
Electrical104.5+0.6%+13.2%Q1 2017
Communications104.6+0.5%+25.4%Q1 2017
Fire Suppression98.1-5.2%+17.1%Q1 2017

Quarterly history

Every published quarter, newest first.

182 quarters
QuarterIndexRelative to 2023
Q2 2026108.4+8.4%
Q1 2026107.5+7.5%
Q4 2025105.7+5.7%
Q3 2025105.1+5.1%
Q2 2025104.6+4.6%
Q1 2025103.7+3.7%
Q4 2024102.8+2.8%
Q3 2024102.5+2.5%
Q2 2024102.0+2.0%
Q1 2024101.5+1.5%
Q4 2023101.2+1.2%
Q3 2023100.4+0.4%
Q2 2023100.1+0.1%
Q1 202398.3-1.7%
Q4 202297.4-2.6%
Q3 202296.3-3.7%
Q2 202295.0-5.0%
Q1 202293.5-6.5%
Q4 202191.3-8.7%
Q3 202189.4-10.6%
Q2 202187.5-12.5%
Q1 202184.6-15.4%
Q4 202084.0-16.0%
Q3 202083.4-16.6%
Q2 202082.8-17.2%
Q1 202082.3-17.7%
Q4 201981.9-18.1%
Q3 201981.8-18.2%
Q2 201981.5-18.5%
Q1 201981.2-18.8%
Q4 201880.9-19.1%
Q3 201880.1-19.9%
Q2 201878.8-21.2%
Q1 201877.9-22.1%
Q4 201777.6-22.4%
Q3 201777.2-22.8%
Q2 201776.5-23.5%
Q1 201775.7-24.3%
Q4 201675.3-24.7%
Q3 201675.2-24.8%
Q2 201675.2-24.8%
Q1 201674.8-25.2%
Q4 201574.9-25.1%
Q3 201574.7-25.3%
Q2 201574.4-25.6%
Q1 201573.9-26.1%
Q4 201473.6-26.4%
Q3 201473.7-26.3%
Q2 201473.5-26.5%
Q1 201472.7-27.3%
Q4 201372.2-27.8%
Q3 201372.2-27.8%
Q2 201372.1-27.9%
Q1 201371.7-28.3%
Q4 201271.6-28.4%
Q3 201271.5-28.5%
Q2 201271.1-28.9%
Q1 201270.7-29.3%
Q4 201170.3-29.7%
Q3 201170.0-30.0%
Q2 201169.8-30.2%
Q1 201169.0-31.0%
Q4 201068.1-31.9%
Q3 201067.8-32.2%
Q2 201067.7-32.3%
Q1 201067.1-32.9%
Q4 200966.9-33.1%
Q3 200966.9-33.1%
Q2 200967.2-32.8%
Q1 200966.9-33.1%
Q4 200867.3-32.7%
Q3 200867.2-32.8%
Q2 200865.8-34.2%
Q1 200864.2-35.8%
Q4 200763.4-36.6%
Q3 200763.2-36.8%
Q2 200762.7-37.3%
Q1 200761.2-38.8%
Q4 200660.4-39.6%
Q3 200659.7-40.3%
Q2 200659.0-41.0%
Q1 200658.3-41.7%
Q4 200557.7-42.3%
Q3 200557.3-42.7%
Q2 200556.4-43.6%
Q1 200556.0-44.0%
Q4 200456.0-44.0%
Q3 200455.8-44.2%
Q2 200455.1-44.9%
Q1 200454.0-46.0%
Q4 200353.2-46.8%
Q3 200352.8-47.2%
Q2 200352.5-47.5%
Q1 200352.0-48.0%
Q4 200251.9-48.1%
Q3 200251.5-48.5%
Q2 200251.3-48.7%
Q1 200251.1-48.9%
Q4 200150.7-49.3%
Q3 200150.6-49.4%
Q2 200150.6-49.4%
Q1 200150.4-49.6%
Q4 200050.3-49.7%
Q3 200050.3-49.7%
Q2 200050.0-50.0%
Q1 200049.4-50.6%
Q4 199948.7-51.3%
Q3 199948.7-51.3%
Q2 199948.4-51.6%
Q1 199948.2-51.8%
Q4 199848.0-52.0%
Q3 199847.7-52.3%
Q2 199847.6-52.4%
Q1 199847.5-52.5%
Q4 199747.3-52.7%
Q3 199747.3-52.7%
Q2 199747.1-52.9%
Q1 199748.9-51.1%
Q4 199648.7-51.3%
Q3 199648.7-51.3%
Q2 199648.7-51.3%
Q1 199648.7-51.3%
Q4 199548.7-51.3%
Q3 199548.4-51.6%
Q2 199548.1-51.9%
Q1 199548.0-52.0%
Q4 199447.3-52.7%
Q3 199447.1-52.9%
Q2 199446.9-53.1%
Q1 199446.4-53.6%
Q4 199346.3-53.7%
Q3 199346.0-54.0%
Q2 199345.9-54.1%
Q1 199345.8-54.2%
Q4 199245.7-54.3%
Q3 199245.7-54.3%
Q2 199245.7-54.3%
Q1 199245.8-54.2%
Q4 199145.7-54.3%
Q3 199145.8-54.2%
Q2 199145.9-54.1%
Q1 199146.0-54.0%
Q4 199047.0-53.0%
Q3 199047.0-53.0%
Q2 199047.1-52.9%
Q1 199046.4-53.6%
Q4 198945.8-54.2%
Q3 198945.7-54.3%
Q2 198945.5-54.5%
Q1 198944.3-55.7%
Q4 198844.2-55.8%
Q3 198843.7-56.3%
Q2 198843.4-56.6%
Q1 198843.2-56.8%
Q4 198743.0-57.0%
Q3 198742.6-57.4%
Q2 198742.2-57.8%
Q1 198742.0-58.0%
Q4 198641.7-58.3%
Q3 198641.7-58.3%
Q2 198641.6-58.4%
Q1 198641.1-58.9%
Q4 198540.5-59.5%
Q3 198540.1-59.9%
Q2 198539.6-60.4%
Q1 198539.2-60.8%
Q4 198439.8-60.2%
Q3 198440.5-59.5%
Q2 198441.3-58.7%
Q1 198441.0-59.0%
Q4 198340.6-59.4%
Q3 198340.6-59.4%
Q2 198340.5-59.5%
Q1 198340.3-59.7%
Q4 198239.9-60.1%
Q3 198239.5-60.5%
Q2 198239.1-60.9%
Q1 198238.2-61.8%
Q4 198137.4-62.6%
Q3 198136.4-63.6%
Q2 198135.5-64.5%
Q1 198134.3-65.7%

Questions

Scope of this index.

How much has office construction cost changed in Halifax?

The index stood at 108.4 in Q2 2026 against 2023 = 100: +3.6% over one year, +23.9% over five and +44.1% 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.