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Provincial office construction cost

Manitoba office construction price index.

108.5 in Q2 2026 against 2023 = 100. +2.4% over the year.

Index108.5
Quarterly change+1.0%
Annual change+2.4%
Five-year change+22.2%
Ten-year change—
Quarters published38

Trend

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

7080901001102017201820192020202120222023202420252026108.5

Quarterly history

Every published quarter, newest first.

38 quarters
QuarterIndexRelative to 2023
Q2 2026108.5+8.5%
Q1 2026107.4+7.4%
Q4 2025107.0+7.0%
Q3 2025106.6+6.6%
Q2 2025106.0+6.0%
Q1 2025104.8+4.8%
Q4 2024103.5+3.5%
Q3 2024103.0+3.0%
Q2 2024102.7+2.7%
Q1 2024101.1+1.1%
Q4 2023101.0+1.0%
Q3 2023100.2+0.2%
Q2 2023100.1+0.1%
Q1 202398.8-1.2%
Q4 202298.0-2.0%
Q3 202297.3-2.7%
Q2 202295.8-4.2%
Q1 202293.9-6.1%
Q4 202191.9-8.1%
Q3 202190.9-9.1%
Q2 202188.8-11.2%
Q1 202185.2-14.8%
Q4 202084.6-15.4%
Q3 202084.8-15.2%
Q2 202084.5-15.5%
Q1 202084.5-15.5%
Q4 201984.3-15.7%
Q3 201984.1-15.9%
Q2 201983.7-16.3%
Q1 201983.6-16.4%
Q4 201883.3-16.7%
Q3 201882.6-17.4%
Q2 201881.9-18.1%
Q1 201881.0-19.0%
Q4 201780.6-19.4%
Q3 201780.2-19.8%
Q2 201780.0-20.0%
Q1 201779.7-20.3%

Questions

Scope of this index.

How much has office construction cost changed in Manitoba?

The index stood at 108.5 in Q2 2026 against 2023 = 100: +2.4% over one year, +22.2% over five. The series for Manitoba 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.