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The composite price index for apartment building construction decreased 0.2% in the first quarter compared with the previous quarter. The quarterly drop was mainly a result of competitive pricing in the building construction market. Quarterly decreases have been recorded since the fourth quarter 2008.

Among the seven census metropolitan areas (CMAs) surveyed, Calgary (-1.3%) posted the largest quarterly decrease while Ottawa (+1.7%) recorded the largest increase.
Year over year, the composite price index for apartment building construction was down 2.8%. Of the CMAs surveyed, Calgary (-6.0%) and Vancouver (-5.4%) recorded the largest declines while Ottawa (+0.9%) posted the largest increase.