Canada Investment in Construction: 4Q and Nov 2015

Canada Investment in Construction: 4Q and Nov 2015

Investment in Canadian non-residential building construction reached $12.6 billion in 4Q, down 1.7 per cent from the previous quarter, according to Statistics Canada Monday.

Investment in Canadian residential construction rose 2.2 per cent to $4.3 billion in November compared with the same month in 2014, said StatsCan Thursday. Higher construction spending on apartment and apartment-condominium buildings largely explained the advance.

Screen Shot 2016-01-25 at 10.43.34 AM

Canada Construction Investment

Nearly two of every five dollars spent on residential investment was dedicated to apartment and apartment-condominium building construction, said Statistics Canada Wednesday. Investment spending on apartment and apartment-condominium buildings increased 26.6 per cent year over year to $1.6 billion.

The investment for row-house dwelling construction was $416 million in November, up 3.4 per cent compared with the same month in 2014.

Construction spending on single-family dwellings declined 9.6 per cent to $2.1 billion, while construction spending on semi-detached dwellings was down 17.9 per cent to $178 million from November 2014 levels.

Meanwhile, nationally, investment in non-residential building construction was down in six provinces in the fourth quarter. The largest declines occurred in Quebec and Ontario, said Statistics Canada Monday.

Comments are closed.