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or Name
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Altus Group Ltd
Symbol AIF
Shares Issued 37,449,843
Close 2017-01-24 C$ 29.78
Market Cap C$ 1,115,256,325
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Altus Group releases 2017 construction cost guide

2017-01-25 11:05 ET - News Release

Mr. Michael Commons reports

ALTUS GROUP RELEASES 2017 CONSTRUCTION COST GUIDE

Altus Group Ltd. has released its annual construction cost guide, a prominent publication for the construction and development industry, which assesses costs across all major Canadian cities.

"Over all, Canadian construction volume remains strong. Residential, which accounts for approximately 40 per cent of all construction in Canada, is anticipated to increase due to upward pressure and momentum in the sector," said Michael Commons, senior executive vice-president, cost consulting, Altus Group. "With net international migration expected to rise in 2017, this factor, along with continued employment and income growth, should contribute to steady housing demand."

Altus Group's proprietary construction cost database consists of data representing $160-billion in total construction value. As Canada's leading provider of independent cost consulting and project management services to the development industry, the guide, along with Altus Group's expert services and software solutions, is relied on by the industry to help ensure accuracy and predictability of construction costs and to assess project risks. The 2017 guide includes:

  • Estimated construction costs on a dollar-per-square-foot metric by building type in the private and public sectors, and on a national basis covering all major Canadian markets;
  • Breakdown of costs by categories and different building types;
  • Commentary on market trends impacting the construction sector.

"In conjunction with leading technology solutions such as ARGUS Developer and BIM-enabled software, our cost experts provide advice that allows clients to improve cost forecasting and achieve optimal results for their development projects," said Naren Chande, senior executive vice-president, cost consulting, Altus Group.

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 modelling. 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.

The 2017 construction cost guide can be downloaded from Altus Group's website.

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