April 17, 2012

Updated with Expanded Canadian Centre Index

TORONTO, ONTARIO–(Marketwire – April 17, 2012) – Altus Group Limited (“Altus Group”), is pleased to announce the release of the 2012 Construction Cost Guide (the “Guide”).

The Guide, backed by over 40 years of industry research, contains current analysis, unit rates, measurement and application of cost per square foot, and insightful commentary as it relates to the construction of a variety of building types (office buildings, shopping centres, hospitals, hotels, etc.), coast-to-coast, in key Canadian cities.


  • Up-to-date construction costs for a variety of property categories in Canada
  • Breakdown by number of units, city and specific building construction
  • Expanded Canadian Centre Index to include St. John’s, Newfoundland
  • Clear, concise commentary and notes on use

“Since its initial launch in 1987, our Guide has been an invaluable resource for thousands of developers and lenders from across the country, offering them insight and perspective on their development needs,” said Naren Chande, Senior Executive Vice President, Cost Consulting and Project Management, Altus. “Clients have come to rely on Altus to offer structured cost budgeting, cost monitoring and alternate planning processes. The Cost Guide is yet another value-added offering that provides our clients with unique advantage allowing them to better assess ROI and manage the risks associated with new construction.”

A trusted source of cost consulting and project management expertise, capital cost analysis and market information for over 50 years, Altus’ Cost Consulting team is a leading provider of market intelligence, allowing clients to make sound investment and development decisions, and manage and control development costs. Comprehensive, proprietary databases ensure access to accurate, time-sensitive information on a range of public and private projects that span the entire property and construction life cycle. A seasoned team of professionals specializing in service areas that include cost monitoring, cost planning and control, P3, infrastructure, telecommunications and development management, combine deep local understanding with global reach, offering the fundamentals on construction costs and trends to a broad customer base.

To request a copy of the Guide, please call us at (416) 641-9500 or email cost@altusgroup.com. To order an electronic version, please visit https://www.altusgroup.com/Services/Construction_Cost_Guide/.


About Altus Group Limited

Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization’s assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 60 offices in 14 countries worldwide, including Canada, the United Kingdom, Australia, Asia and the United States. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting, Geomatics and ARGUS Software. Altus’ clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.


Camilla BartosiewiczBartosiewicz

Vice President, Investor Relations
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