Building construction costs Alberta 2022

In 2022, ambulatory care healthcare buildings had the highest construction costs in Alberta (Canada). Meanwhile, higher education also had some of the highest construction costs, amounting up to 4,920 Canadian dollars per square meter that same year. Construction prices in British Columbiatended to be slightly higher than in Alberta.

Construction costs of buildings in Alberta, Canada in 2022, by select building type (in Canadian dollars per square meter)

Characteristic	Minimum	Maximum
Health care - ambulatory care	8,330	9,990
Health care - residential care	4,660	6,660
Higher education	4,690	4,920
Secondary schools	3,540	4,000
High-rise residential - market units*	2,940	3,580
Office - 10-20 stories	2,620	3,380
Enclosed mall	2,610	3,330
Office - 5-10 stories	2,530	3,240
Low- & mid-rise apartments - market units*	2,410	2,780
Hotels - low rise	2,180	2,610
Supermarket	1,980	2,320
Warehouse	1,260	2,280
Townhouses (wood frame) - market units*	1,430	1,980

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Release date

February 2023

More information

Region

Canada

Survey time period

2022

Special properties

*Based on mid-end specifications.

Supplementary notes

Figures reflect hard construction costs, including general requirements and fees. However, site works and tenant improvements are excluded. These costs are also affected by many other elements, such as how well-connected the region is, and how its market is performing.

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