|

Investment in Building Construction, February 2022

CEW Statistics Canada Logo 2022

April 18, 2022

Investment in building construction increased 4.0% in February, reaching $20.0 billion for the first time. Most provinces reported gains, with Quebec accounting for over 50% of the increase.

On a constant dollar basis (2012=100), investment in building construction increased 3.9% to $12.7 billion.

Residential construction continues to show strength

Investment in single family homes rose 4.9% to $8.0 billion in February. Increases were posted in seven provinces, led by Ontario (+5.3%) and Quebec (+8.2%).

Multi-unit construction increased 5.1% to $6.9 billion, driven primarily by strong gains in Quebec (+16.8%). Conversely, Saskatchewan declined for a third straight month as it returned to more historic levels, following higher investment in October and November 2021.

Overall, residential construction investment rose 5.0% to $14.9 billion in February.

Non-residential sector increases for eighth straight month

Non-residential construction investment increased 1.1% to $5.1 billion in February.

Commercial investment was up 1.0% to $2.8 billion, with Alberta leading the way (+3.2%). The only two provinces that posted declines in this component were New Brunswick and Manitoba.

Investment in the institutional component was largely unchanged in February (+0.1%). Similar to the previous month, gains in Quebec (+1.9%) largely offset losses posted in seven other provinces.

Industrial construction investment rose 2.8% to $893 million, with Ontario (+3.3%) and Quebec (+4.5%) accounting for over 90% of the national gain. This was largely due to several new manufacturing and maintenance building projects in both provinces, while other provinces remained at more historic levels.

For more information on housing, visit the Housing statistics portal.

Source

Related Articles


Changing Scene

  • E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    EB Horsman is excited to welcome Maxim Laberge as its new Process Instrumentation Manager. Maxim brings over 25 years of experience in electrical, instrumentation, and control systems, with a proven record in business development, client engagement, and strategic project leadership. He is known for his consultative approach, combining technical insight with a strong focus on… Read More…

  • E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    EB Horsman & Son is pleased to announce the appointment of Stephen Murray as Branch Manager of its Calgary location, effective Tuesday, September 3, 2025. Stephen brings over two decades of experience in the industrial automation sector, where he has built a strong reputation for driving growth, expanding market presence, and developing high-performing teams. His… Read More…


Peers & Profiles