Building Construction Price Index

The Building Construction Price Indexes (BCPI) are a way to keep track of how much it costs to build different types of buildings, like homes and offices, in major Canadian cities. It looks at price changes every three months and includes 11 cities across Canada. The index is based on recent building permit data, giving a clear picture of how construction costs are shifting over time. It’s updated regularly, with small adjustments made a bit later, and it focuses on real-time prices without considering seasonal factors.