New Housing Construction: December Up 5.1% Year Over Year

New Housing

 

Investment in new housing construction totalled $3.7 billion in December, up 5.1% from the same month a year earlier. The largest year-over-year advance occurred in Alberta, followed by British Columbia and Ontario. In Alberta, total investment in new residential building construction was up 16.7% to $865 million. British Columbia saw an 11.3% increase in spending to $633 million. In Ontario, investment rose 4.0% to $1.2 billion. Conversely, Manitoba posted the largest decline (-18.8% to $96 million). 

At the national level, investment rose in all dwelling types. Single-family dwellings led the increase, with spending up 4.3% from December 2013 to $2.0 billion in December 2014. Row houses followed, with a 12.8% advance to $337 million. Spending in apartment and apartment-condominium building construction was up 3.3% to $1.1 billion, while investment in semi-detached dwellings rose 12.0% to $216 million.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/150220/dq150220d-eng.htm?cmp=mstatcan.

 

 

Related Articles


Changing Scene


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…