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Office construction cost

Saskatoon office construction price index.

114.9 in Q2 2026 against 2023 = 100. +4.1% over the year.

Index114.9
Quarterly change+1.6%
Annual change+4.1%
Five-year change+30.9%
Ten-year change—
Quarters published38

Trend

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

80901001101202017201820192020202120222023202420252026114.9

Quarterly history

Every published quarter, newest first.

38 quarters
QuarterIndexRelative to 2023
Q2 2026114.9+14.9%
Q1 2026113.1+13.1%
Q4 2025112.3+12.3%
Q3 2025111.0+11.0%
Q2 2025110.4+10.4%
Q1 2025108.2+8.2%
Q4 2024106.4+6.4%
Q3 2024105.9+5.9%
Q2 2024105.2+5.2%
Q1 2024102.9+2.9%
Q4 2023101.9+1.9%
Q3 2023101.1+1.1%
Q2 202399.3-0.7%
Q1 202397.8-2.2%
Q4 202297.2-2.8%
Q3 202296.5-3.5%
Q2 202295.6-4.4%
Q1 202293.7-6.3%
Q4 202191.6-8.4%
Q3 202189.1-10.9%
Q2 202187.8-12.2%
Q1 202185.5-14.5%
Q4 202085.3-14.7%
Q3 202085.6-14.4%
Q2 202085.6-14.4%
Q1 202085.8-14.2%
Q4 201985.7-14.3%
Q3 201985.7-14.3%
Q2 201985.6-14.4%
Q1 201985.6-14.4%
Q4 201885.4-14.6%
Q3 201884.9-15.1%
Q2 201884.2-15.8%
Q1 201883.6-16.4%
Q4 201783.5-16.5%
Q3 201783.0-17.0%
Q2 201782.9-17.1%
Q1 201782.7-17.3%

Questions

Scope of this index.

How much has office construction cost changed in Saskatoon?

The index stood at 114.9 in Q2 2026 against 2023 = 100: +4.1% over one year, +30.9% over five. The series for Saskatoon 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.