Browsed by
Tag: canada construction

Canada New Housing Price Index: May 2017

Canada New Housing Price Index: May 2017

 Toronto, ON, and Vancouver, BC, were largely responsible for a 0.7 per cent monthly rise in new house prices in Canada in May, said Statistics Canada Thursday. Toronto was the largest contributor to the national gain, rising 1.1 per cent from April to May. Builders linked higher prices to market conditions, a shortage of developed land and higher construction costs.  Canada New Housing Price Index: May 2017 Prices for new houses in Vancouver rose for a third consecutive month, up…

Read More Read More

Canada Building Permits: March 2017

Canada Building Permits: March 2017

The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Canada Building Permits: March 2017 Municipalities issued $4.6 billion worth of residential…

Read More Read More

Canada Housing Starts: July 2016

Canada Housing Starts: July 2016

The Canadian housing starts report from the Canada Mortgage and Housing Corp released Tuesday showed the seasonally adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Construction of multiple units fell 13.3 per cent. Housing Starts, Canada The expected fallback in Canadian housing starts in June was broadly based, according to the CMHC report, with groundbreaking on new detached homes down by a more modest 1.8 per cent, and starts falling…

Read More Read More

Housing Starts Canada: May 2016

Housing Starts Canada: May 2016

Canadian Mortgage and Housing Corp said Monday the seasonally adjusted annualized rate of Canadian housing starts rose to 218,333, or 17 per cent, in June from a revised 186,709 in May.   Canada Housing Starts  Housing starts in Toronto totalled an annualized 45,848 in June, the highest since March, said CMHC. Vancouver re– corded a pace of 35,445 units in June, the second highest pace in the past 16 years. That more than offset declines in the Atlantic provinces and…

Read More Read More

Canada Housing Construction Investment: March 2016

Canada Housing Construction Investment: March 2016

Investment in new Canadian residential construction totalled $3.8 billion in March, up 9.7 per cent from the same month a year earlier, said Statistics Canada Friday. At the national level, higher spending on apartment and apartment-condominium buildings, which rose 19.9 per cent to $1.4 billion, and single-family dwellings, which increased 5.9 per cent to $1.9 billion, contributed the most to the advance. Investment in row houses also registered an increase, rising 9.2 per cent to $384 million. Conversely, spending on…

Read More Read More

US Residential Construction Spending: February 2016

US Residential Construction Spending: February 2016

Private residential construction spending reached the highest rate since November 2007, said the National Association of Home Builders Friday. US Private Residential Construction Spending: February 2016 NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of US$448 billion, up by 0.9 per cent over January’s revised estimate. Meanwhile the nonresidential construction spending slipped 1.4 per cent after a huge increase in January. Within the private residential…

Read More Read More

Canada Investment in New Construction: Jan 2016

Canada Investment in New Construction: Jan 2016

Investment in new residential building construction increased 3.9 per cent year over year to $3.7 billion in January, according to Statistics Canada Monday. Nationally, the increase was driven by higher spending on apartment and apartment-condominium buildings (+19.9 per cent) and row houses (+7.6 per cent) in January. Conversely, investment in single-family dwellings fell 4.0 per cent from January 2015, and spending on semi-detached buildings decreased 16.4 per cent. Increases in new housing construction investment were recorded in Ontario, British Columbia…

Read More Read More

2015 US Construction Starts Snapshot: CMD

2015 US Construction Starts Snapshot: CMD

Total construction starts in the US grew by 3.7 per cent in 2015 to reach US$527 billion, a slowdown from the 7.4 per cent growth posted in 2014 said a new report by Construction Market Data Group, published February 5. US 2015 Construction Starts Snapshot: CMD by ABBY SAMP, OXFORD ECONOMICS, for Daily Commercial News Total construction starts in the US grew by 3.7 per cent in 2015 to reach US$527 billion, a slowdown from the 7.4 per cent growth…

Read More Read More

Canada Construction Materials Costs: Nov 2015

Canada Construction Materials Costs: Nov 2015

Similar to the US, the price advances of many materials and building products going into the construction process in Canada remain restrained in November 2015, said Alex Carrick of Daily Commercial News Friday. The 0.3 per cent increase year-over-year for total construction costs does, how- ever, incorporate considerable variation at the type-of-structure sub-category level. Softwood lumber prices in Canada rose rapidly throughout 2012, but over the past three years, they have stayed mainly flat. Canada Construction Materials Costs: November 2015…

Read More Read More

Canada Construction Materials Costs: Nov 2015

Canada Construction Materials Costs: Nov 2015

Similar to the US, the price advances of many materials and building products going into the construction process in Canada remain restrained in November 2015, said Alex Carrick of Daily Commercial News Friday. The 0.3 per cent increase year-over-year for total construction costs does, how- ever, incorporate considerable variation at the type-of-structure sub-category level. Softwood lumber prices in Canada rose rapidly throughout 2012, but over the past three years, they have stayed mainly flat. Canada Construction Materials Costs: November 2015…

Read More Read More