Ontario office construction price index.
109.7 in Q2 2026 against 2023 = 100. +2.3% over the year.
Trend
Q1 2017 to Q2 2026. The dashed line is the 2023 base.
Quarterly history
Every published quarter, newest first.
38 quarters
| Quarter | Index | Relative to 2023 |
|---|---|---|
| Q2 2026 | 109.7 | +9.7% |
| Q1 2026 | 108.7 | +8.7% |
| Q4 2025 | 108.3 | +8.3% |
| Q3 2025 | 107.7 | +7.7% |
| Q2 2025 | 107.2 | +7.2% |
| Q1 2025 | 106.3 | +6.3% |
| Q4 2024 | 105.1 | +5.1% |
| Q3 2024 | 104.0 | +4.0% |
| Q2 2024 | 103.6 | +3.6% |
| Q1 2024 | 102.5 | +2.5% |
| Q4 2023 | 101.7 | +1.7% |
| Q3 2023 | 101.2 | +1.2% |
| Q2 2023 | 99.1 | -0.9% |
| Q1 2023 | 98.0 | -2.0% |
| Q4 2022 | 96.4 | -3.6% |
| Q3 2022 | 94.4 | -5.6% |
| Q2 2022 | 92.0 | -8.0% |
| Q1 2022 | 88.5 | -11.5% |
| Q4 2021 | 85.4 | -14.6% |
| Q3 2021 | 82.5 | -17.5% |
| Q2 2021 | 79.3 | -20.7% |
| Q1 2021 | 75.7 | -24.3% |
| Q4 2020 | 74.7 | -25.3% |
| Q3 2020 | 74.6 | -25.4% |
| Q2 2020 | 73.9 | -26.1% |
| Q1 2020 | 73.6 | -26.4% |
| Q4 2019 | 73.0 | -27.0% |
| Q3 2019 | 72.6 | -27.4% |
| Q2 2019 | 72.0 | -28.0% |
| Q1 2019 | 71.4 | -28.6% |
| Q4 2018 | 70.9 | -29.1% |
| Q3 2018 | 70.3 | -29.7% |
| Q2 2018 | 69.2 | -30.8% |
| Q1 2018 | 67.9 | -32.1% |
| Q4 2017 | 66.9 | -33.1% |
| Q3 2017 | 66.6 | -33.4% |
| Q2 2017 | 66.4 | -33.6% |
| Q1 2017 | 65.6 | -34.4% |
Questions
Scope of this index.
How much has office construction cost changed in Ontario?
The index stood at 109.7 in Q2 2026 against 2023 = 100: +2.3% over one year, +38.3% over five. The series for Ontario 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.