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Understand the construction costs and trends in your market

Building the preliminary construction budget for your real estate project requires insight into more than labour and material costs alone. The financial plan for your development or infrastructure investment is affected by global and local economic conditions, market trends, and advances in building materials, practices, and approaches.

Altus Group considers all of these factors in our annual Construction Cost Guide to provide a budget range of construction hard costs across all asset classes in the Canadian marketplace. Based on our proprietary database of historical project costs – including over 1,200 engagements in 2019 – our hard cost data tables facilitate simple benchmarking exercises supported by intelligence from our in-house quantity surveyors, economists, and market trend experts.

Accurate data based on real projects


$225 billion | 3,515 projects | 826M+ square feet


$94 billion | 1,665 projects | 556M+ square feet


$56 billion | 1,550 projects | 270M+ square feet


$75 billion | 300 projects

New! Cost Escalation Report

Our new Cost Escalation Report is designed to address and help mitigate the challenges associated with accurately measuring construction cost escalation across major markets in Canada, and specifically, within the high-rise multi-family sector.  Two (2) reports a year are issued for each market; each edition is based on data collected six months prior to the month of issue (i.e. in each year, the June issue includes data collected from January to the end of June, and the December issue includes data collected from July to the end of December).

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