Residential Construction Rises 4.8% in December YOY

Housing Stats Dec 20

 

 

Feb 29 2016

Spending on new residential building construction totalled $3.9 billion in December, up 4.8% from the same month a year earlier. 

The increase came mainly from higher investment in apartment and apartment-condominium building construction, up 23.9% year over year to $1.4 billion. Spending on row house construction also contributed to the advance, up 3.4% to $348 million. Conversely, investment in single-family dwellings fell 3.4% year over year to $2.0 billion. Spending on semi-detached dwelling construction declined 16.2% to $181 million.

At the provincial level, Ontario, British Columbia and Quebec reported the largest increases.

In Ontario, spending on new residential construction rose 23.1% compared with December 2014 to $1.5 billion in December. Higher investment in the construction of single-family dwellings as well as apartment and apartment-condominium buildings largely explained the advance.

In British Columbia, investment in new residential construction increased 12.6% from the same month a year earlier to $713 million in December. The gain was attributable to higher spending on apartment and apartment-condominium buildings, single-family dwellings and row houses.

In Quebec, investment grew 3.1% year over year to $611 million. Increased spending on apartment and apartment-condominium building construction more than offset lower investment in single-family housing, semi-detached dwellings and row houses.

In contrast, Alberta registered the largest decline in spending on new housing construction in December, followed by Saskatchewan and Manitoba.

 

 

Related Articles


Changing Scene

  • Regis Chouinard Appointed President Lumen

    Regis Chouinard Appointed President Lumen

    Sonepar announced the appointment of Régis Chouinard as Lumen President, effective August 25, 2025. Read More…

  • Federal Government Invests in Skilled Trades Training

    Federal Government Invests in Skilled Trades Training

    The federal government has recently announced close to $10 million in investment funding for the Western Joint Electrical Training Society. This project will provide innovative, hands-on training to construction electrician apprentices, journeypersons and other workers across Canada to address green skills, knowledge, and competency gaps. Secretary of State Zerucelli also announced more than $3 million to the… Read More…


Peers & Profiles