Altus Group Releases 2016 Construction Cost Guide
Trusted Insight into Comprehensive Real Estate Costs Covering all Aspects of Construction
TORONTO (January 27, 2016) – Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of commercial real estate services, software and data solutions, today released its annual Construction Cost Guide (the “Guide”), the foremost publication for the construction and development industry which assesses costs across all major Canadian markets.
In-line with past years’ publications and a robust supply of market data collected and categorized by Altus Group, the 2016 Guide provides broader coverage and deeper market analysis by:
- Expanding the number of categories covered, in particular within the public sector and by drawing on an in-house database with over $100B in hard construction costs and over 500 million ft2 of data from the past six years.
- Examining lead factors that have an impact on construction costs in 2016, including the continued devaluation of the Canadian dollar and a material decline in crude oil price and other commodities.
- Analyzing price escalation impact in 2016; should devaluation of the Canadian dollar continue, coupled with strong construction starts, there is a recipe for above normal escalation in a number of provinces.
“Altus Group continues to be the leading authority in the independent assessment of construction costs and schedule across Canada,” said Naren Chande, Senior Executive Vice President, Cost Consulting, Altus Group. “With significant investments in technology, such as the expanded use of BIM and an unparalleled company-wide proprietary database, our leading experts provide clients with advice that enhances their ability to make informed decisions, while maximizing value.”
For more than 50 years, Altus Group’s Construction Cost Guide has 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.
This year’s Guide will be formally released at the Company’s private client event ‘Navigating Change’ in Toronto on January 29, 2016.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. All of our five core practices – Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics – embody and reflect decades of experience, a broad range of expertise and leading edge technology. Our offerings empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants, spread across a broad variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information on Altus Group, please visit: www.altusgroup.com.