Toronto office construction price index.
109.6 in Q2 2026 against 2023 = 100. +2.1% over the year.
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 | 131.1 | +10.8% | +62.1% | Q1 2017 |
| Plumbing | 123.6 | +7.3% | +46.8% | Q1 2017 |
| Openings | 114.6 | +4.1% | +45.2% | Q1 2017 |
| Finishes | 114.9 | +3.8% | +56.5% | Q1 2017 |
| Heating, ventilation and air conditioning | 113.3 | +3.8% | +27.2% | Q1 2017 |
| Communications | 109.1 | +2.6% | +36.4% | Q1 2017 |
| Electrical | 107.3 | +1.4% | +16.1% | Q1 2017 |
| Fire Suppression | 101.2 | -4.2% | +20.3% | Q1 2017 |
Quarterly history
Every published quarter, newest first.
182 quarters
| Quarter | Index | Relative to 2023 |
|---|---|---|
| Q2 2026 | 109.6 | +9.6% |
| Q1 2026 | 108.7 | +8.7% |
| Q4 2025 | 108.3 | +8.3% |
| Q3 2025 | 107.8 | +7.8% |
| Q2 2025 | 107.3 | +7.3% |
| Q1 2025 | 106.3 | +6.3% |
| Q4 2024 | 105.2 | +5.2% |
| Q3 2024 | 104.0 | +4.0% |
| Q2 2024 | 103.7 | +3.7% |
| Q1 2024 | 102.5 | +2.5% |
| Q4 2023 | 101.7 | +1.7% |
| Q3 2023 | 101.2 | +1.2% |
| Q2 2023 | 99.0 | -1.0% |
| Q1 2023 | 98.1 | -1.9% |
| Q4 2022 | 96.4 | -3.6% |
| Q3 2022 | 94.3 | -5.7% |
| Q2 2022 | 91.9 | -8.1% |
| Q1 2022 | 88.3 | -11.7% |
| Q4 2021 | 85.2 | -14.8% |
| Q3 2021 | 82.3 | -17.7% |
| Q2 2021 | 79.1 | -20.9% |
| Q1 2021 | 75.6 | -24.4% |
| Q4 2020 | 74.6 | -25.4% |
| Q3 2020 | 74.5 | -25.5% |
| Q2 2020 | 73.9 | -26.1% |
| Q1 2020 | 73.5 | -26.5% |
| Q4 2019 | 73.0 | -27.0% |
| Q3 2019 | 72.6 | -27.4% |
| Q2 2019 | 71.9 | -28.1% |
| Q1 2019 | 71.3 | -28.7% |
| Q4 2018 | 70.8 | -29.2% |
| Q3 2018 | 70.2 | -29.8% |
| 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% |
| Q4 2016 | 65.0 | -35.0% |
| Q3 2016 | 64.6 | -35.4% |
| Q2 2016 | 64.3 | -35.7% |
| Q1 2016 | 63.2 | -36.8% |
| Q4 2015 | 62.8 | -37.2% |
| Q3 2015 | 62.6 | -37.4% |
| Q2 2015 | 62.3 | -37.7% |
| Q1 2015 | 61.9 | -38.1% |
| Q4 2014 | 61.5 | -38.5% |
| Q3 2014 | 61.3 | -38.7% |
| Q2 2014 | 61.0 | -39.0% |
| Q1 2014 | 60.6 | -39.4% |
| Q4 2013 | 60.3 | -39.7% |
| Q3 2013 | 60.3 | -39.7% |
| Q2 2013 | 60.2 | -39.8% |
| Q1 2013 | 60.1 | -39.9% |
| Q4 2012 | 60.2 | -39.8% |
| Q3 2012 | 60.1 | -39.9% |
| Q2 2012 | 60.0 | -40.0% |
| Q1 2012 | 59.7 | -40.3% |
| Q4 2011 | 59.4 | -40.6% |
| Q3 2011 | 59.3 | -40.7% |
| Q2 2011 | 58.8 | -41.2% |
| Q1 2011 | 58.0 | -42.0% |
| Q4 2010 | 56.8 | -43.2% |
| Q3 2010 | 56.7 | -43.3% |
| Q2 2010 | 56.4 | -43.6% |
| Q1 2010 | 55.9 | -44.1% |
| Q4 2009 | 55.9 | -44.1% |
| Q3 2009 | 56.2 | -43.8% |
| Q2 2009 | 56.8 | -43.2% |
| Q1 2009 | 57.5 | -42.5% |
| Q4 2008 | 58.5 | -41.5% |
| Q3 2008 | 59.2 | -40.8% |
| Q2 2008 | 57.9 | -42.1% |
| Q1 2008 | 55.4 | -44.6% |
| Q4 2007 | 53.8 | -46.2% |
| Q3 2007 | 53.5 | -46.5% |
| Q2 2007 | 53.2 | -46.8% |
| Q1 2007 | 51.5 | -48.5% |
| Q4 2006 | 50.6 | -49.4% |
| Q3 2006 | 50.0 | -50.0% |
| Q2 2006 | 49.2 | -50.8% |
| Q1 2006 | 48.3 | -51.7% |
| Q4 2005 | 47.6 | -52.4% |
| Q3 2005 | 47.0 | -53.0% |
| Q2 2005 | 46.4 | -53.6% |
| Q1 2005 | 45.8 | -54.2% |
| Q4 2004 | 45.8 | -54.2% |
| Q3 2004 | 45.5 | -54.5% |
| Q2 2004 | 44.4 | -55.6% |
| Q1 2004 | 43.4 | -56.6% |
| Q4 2003 | 42.7 | -57.3% |
| Q3 2003 | 42.4 | -57.6% |
| Q2 2003 | 42.2 | -57.8% |
| Q1 2003 | 41.6 | -58.4% |
| Q4 2002 | 41.2 | -58.8% |
| Q3 2002 | 40.8 | -59.2% |
| Q2 2002 | 40.6 | -59.4% |
| Q1 2002 | 40.5 | -59.5% |
| Q4 2001 | 40.2 | -59.8% |
| Q3 2001 | 40.3 | -59.7% |
| Q2 2001 | 40.3 | -59.7% |
| Q1 2001 | 39.9 | -60.1% |
| Q4 2000 | 39.8 | -60.2% |
| Q3 2000 | 39.3 | -60.7% |
| Q2 2000 | 38.8 | -61.2% |
| Q1 2000 | 37.3 | -62.7% |
| Q4 1999 | 36.5 | -63.5% |
| Q3 1999 | 36.3 | -63.7% |
| Q2 1999 | 36.1 | -63.9% |
| Q1 1999 | 35.8 | -64.2% |
| Q4 1998 | 35.6 | -64.4% |
| Q3 1998 | 35.4 | -64.6% |
| Q2 1998 | 35.3 | -64.7% |
| Q1 1998 | 35.1 | -64.9% |
| Q4 1997 | 35.0 | -65.0% |
| Q3 1997 | 34.9 | -65.1% |
| Q2 1997 | 34.7 | -65.3% |
| Q1 1997 | 34.5 | -65.5% |
| Q4 1996 | 34.3 | -65.7% |
| Q3 1996 | 34.2 | -65.8% |
| Q2 1996 | 34.1 | -65.9% |
| Q1 1996 | 33.9 | -66.1% |
| Q4 1995 | 33.8 | -66.2% |
| Q3 1995 | 33.6 | -66.4% |
| Q2 1995 | 33.4 | -66.6% |
| Q1 1995 | 33.2 | -66.8% |
| Q4 1994 | 32.7 | -67.3% |
| Q3 1994 | 32.6 | -67.4% |
| Q2 1994 | 32.5 | -67.5% |
| Q1 1994 | 31.9 | -68.1% |
| Q4 1993 | 31.8 | -68.2% |
| Q3 1993 | 31.8 | -68.2% |
| Q2 1993 | 31.7 | -68.3% |
| Q1 1993 | 31.6 | -68.4% |
| Q4 1992 | 31.7 | -68.3% |
| Q3 1992 | 31.7 | -68.3% |
| Q2 1992 | 31.6 | -68.4% |
| Q1 1992 | 31.6 | -68.4% |
| Q4 1991 | 31.7 | -68.3% |
| Q3 1991 | 31.8 | -68.2% |
| Q2 1991 | 31.8 | -68.2% |
| Q1 1991 | 31.8 | -68.2% |
| Q4 1990 | 32.9 | -67.1% |
| Q3 1990 | 33.1 | -66.9% |
| Q2 1990 | 33.5 | -66.5% |
| Q1 1990 | 32.7 | -67.3% |
| Q4 1989 | 32.4 | -67.6% |
| Q3 1989 | 32.3 | -67.7% |
| Q2 1989 | 32.0 | -68.0% |
| Q1 1989 | 31.4 | -68.6% |
| Q4 1988 | 30.9 | -69.1% |
| Q3 1988 | 30.4 | -69.6% |
| Q2 1988 | 30.0 | -70.0% |
| Q1 1988 | 29.2 | -70.8% |
| Q4 1987 | 28.7 | -71.3% |
| Q3 1987 | 28.5 | -71.5% |
| Q2 1987 | 28.2 | -71.8% |
| Q1 1987 | 27.9 | -72.1% |
| Q4 1986 | 26.8 | -73.2% |
| Q3 1986 | 26.1 | -73.9% |
| Q2 1986 | 25.6 | -74.4% |
| Q1 1986 | 25.2 | -74.8% |
| Q4 1985 | 25.0 | -75.0% |
| Q3 1985 | 24.7 | -75.3% |
| Q2 1985 | 24.4 | -75.6% |
| Q1 1985 | 23.9 | -76.1% |
| Q4 1984 | 23.7 | -76.3% |
| Q3 1984 | 23.4 | -76.6% |
| Q2 1984 | 23.3 | -76.7% |
| Q1 1984 | 23.2 | -76.8% |
| Q4 1983 | 23.1 | -76.9% |
| Q3 1983 | 23.0 | -77.0% |
| Q2 1983 | 22.7 | -77.3% |
| Q1 1983 | 22.1 | -77.9% |
| Q4 1982 | 22.1 | -77.9% |
| Q3 1982 | 22.0 | -78.0% |
| Q2 1982 | 21.9 | -78.1% |
| Q1 1982 | 21.8 | -78.2% |
| Q4 1981 | 21.2 | -78.8% |
| Q3 1981 | 20.2 | -79.8% |
| Q2 1981 | 19.7 | -80.3% |
| Q1 1981 | 19.0 | -81.0% |
Questions
Scope of this index.
How much has office construction cost changed in Toronto?
The index stood at 109.6 in Q2 2026 against 2023 = 100: +2.1% over one year, +38.6% over five and +70.5% 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.