Altus Group Cost Consulting Releases 2015 Construction Cost Guide
TORONTO, ONTARIO (Marketwired – January 19, 2015) Altus Group Limited (“Altus Group”) (TSX:AIF) is pleased to announce the release today of the Cost Consulting Team’s annual Construction Cost Guide (the “Guide”), a leading publication for the Canadian construction and development industry.
For more than 50 years, Altus Group’s Construction Cost Guide and Services have provided insight into comprehensive real estate costs covering all aspects of construction and development budgeting and modeling. With a thorough understanding of both the demand and supply sides of the real estate equation, as well as a comprehensive knowledge of construction costs gained through Altus Group’s Cost Consulting practice, the Guide analyzes each market sector from a macro perspective.
“Altus Group’s independent assessment of construction costs, combined with our sector experience as a leading construction cost authority, continues to help our clients improve cost forecasting and achieve fair pricing for their development projects,” said Naren Chande, Senior Executive Vice President, Cost Consulting and Project Management, Altus Group. “Our services prove integral to their budgets and planning, enabling clients to make decisions with clarity and confidence.”
Points of Interest:
- The 2015 Guide assesses construction costs on a national basis, covering all major Canadian markets: Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montreal, Halifax and St. John’s.
- The outlook for 2015 indicates a mixed outcome from province to province. Lower oil prices continue to impact the Alberta market while presenting a contributing factor in stabilized costs of construction across a number of trades and geographic locations.
- Elsewhere, population growth in the major centres continues to drive a robust and in-demand residential sector.
- A lower exchange rate for the Canadian dollar to the US dollar is expected to place more pressure on imports of construction products and materials, resulting in price escalation that has largely been offset by a competitive market.
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five Business Units, bringing together years of experience, a broad range of expertise and technology into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax; Cost Consulting and Project Management; and Geomatics. Our suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments. We have approximately 2,300 employees located in offices around the world, including North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants, including financial institutions, investment funds, insurance companies, accounting firms, real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers and lenders, governmental institutions and firms in the oil and gas sector.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group’s securities are traded on the TSX under the symbols AIF and AIF.DB.A.