Investment in New Housing Construction Rose 9.1% YOY in December

March 1, 2017

Total investment in new housing construction rose 9.1% year over year to $4.3 billion in December, reflecting higher investment in all dwelling types.

Over 80% of the national advance was attributable to higher spending on the construction of single-family dwellings, which rose 14.9% year over year to $2.3 billion. Investment in row house construction increased 9.9% to $383 million, while spending on apartment and apartment-condominium buildings went up 1.4% to $1.4 billion. Investment in semi-detached dwellings increased 3.6% to $187 million.

Provincially, Ontario and British Columbia recorded the largest year-over-year gains, followed by Quebec.

In Ontario, new residential construction investment rose 15.6% to $1.8 billion. All dwelling types saw higher spending, led by single-family dwellings, which rose 21.3% from the same month one year earlier.

In British Columbia, investment increased 30.7% year over year to $933 million, with all dwelling types registering higher spending. The advance was led by apartment and apartment-condominium buildings (+46.2%) and single-family homes (+19.8%).

In Quebec, investment rose 6.4% to $650 million. The gain was driven by single-family dwellings (+29.0%), but was moderated by lower spending on apartment and apartment-condominium buildings (-10.2%).

In contrast, Alberta registered the largest decrease in spending, down 21.0% to $575 million. Apartment and apartment-condominium buildings led the decline (-42.8%), followed by single-family homes (-9.4%) and row houses.

Source: Statistics Canada, www.statcan.gc.ca/daily-quotidien/170209/dq170209a-eng.htm.

 

Related Articles


Changing Scene

  • Tariff-Free Automation Products in Canada from Electromate

    Tariff-Free Automation Products in Canada from Electromate

    Electromate understands how recent tariff policies have impacted the cost and availability of automation components across North America. That’s why Electromate has made it easier for Canadian manufacturers, OEMs, and system integrators to source tariff-free mechatronic and robotic automation components. Electromate is a Canadian-owned and operated company with representation and technical support across Canada. Its product portfolio… Read More…

  • Schneider Electric Canada Inaugurates a New Production Line in Brossard, Quebec

    Schneider Electric Canada Inaugurates a New Production Line in Brossard, Quebec

    Schneider Electric Canada recently announced the expansion of its facility in Brossard, Quebec. This strategic development includes the addition of a new production line dedicated to the local manufacturing of Schneider Electric’s advanced electrical equipment and power distribution devices—essential components for the electrification of buildings, hospitals, data centers, and infrastructure across Canada. This major milestone… Read More…


Peers & Profiles