Investment in Building Construction, April 2022

CEW Statistics Canada Logo 2022 400

June 17, 2022

Investment in building construction increased by 2.7% to $20.9 billion in April. Gains were reported in both the residential (+3.2%) and the non-residential sectors (+1.4%).

On a constant dollar basis (2012=100), investment in building construction grew 3.5% to $13.0 billion.

Residential sector remains strong

Residential construction investment rose for a seventh consecutive month, up 3.2% to $15.7 billion in April. British Columbia (+8.3%) led the way and reached a record high.

Investment in single family homes increased 4.5% to $8.8 billion, with gains in seven provinces. Conversely, Saskatchewan reported the largest decrease in investment (-12.5%), after being up six of the seven previous months.

Multi-unit construction investment advanced 1.5% to $6.9 billion, with British Columbia behind much of the component’s advance.

Non-residential investment increases for ninth straight month

Investment in the non-residential construction sector advanced 1.4% in April, with seven provinces posting increases.

Investment in industrial construction increased 1.7% to $931 million, with Ontario accounting for most of the net growth.

Commercial investment advanced 1.5% to $2.9 billion. Nine provinces reported growth, with a notable retail project in Vancouver contributing significantly to the month.

Institutional investment rose 1.0% to $1.4 billion, its fourth consecutive monthly advance. Growth was led by Quebec, with a federal building in Shawinigan designed for the Canada Revenue Agency and Employment and Social Development Canada.

Source

Related Articles


Changing Scene

  • Schneider Electric Canada Opens New Distribution Centre in Halton Hills, Strengthening Local Operations and Supply Chain Resilience

    Schneider Electric Canada Opens New Distribution Centre in Halton Hills, Strengthening Local Operations and Supply Chain Resilience

    Schneider Electric has officially opened a new 130,000 square-foot distribution centre in Halton Hills, Ontario. This strategic investment strengthens Schneider Electric’s Canadian operations by improving delivery timelines and contributing to national energy sustainability. “The opening of the Halton Hills distribution centre demonstrates our commitment to Canada and to providing fast, reliable access to critical electrical… Read More…

  • EFC Welcomes G&W Electric as New Manufacturer Member

    EFC Welcomes G&W Electric as New Manufacturer Member

    Since 1905, G&W Electric has powered the world with innovative power system solutions, from the first disconnectable cable terminating device to today’s solid dielectric and SF₆ insulated switchgear, reclosers, and distribution automation systems. With a customer-first, consultative approach, G&W partners with utilities, commercial, industrial, and renewable energy customers to deliver reliable, resilient, and tailored solutions… Read More…


Peers & Profiles