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Statistics Canada reports both its Industrial Product Price Index and Raw Materials Price Index are on the rise, with the former experiencing a 1.8% year over year growth and the latter a 3.9% year over year growth as of early 2014.
These findings and more were the subject of Reed Construction Data’s report, Some Spine Tingling Increases in Canadian Construction Material Costs, in which author Alex Carrick dissected the trends affecting construction material prices and their possible influences on the Canadian market. The report includes a chart indicating material price increases across the board, from raw materials to aggregates, lumber, metal, and beyond.
Read Carrick’s article at Reed Construction Data.