Residential Sector Drives September Gains in Building Construction

Residential Economy

Nov 27, 2018

Total investment in building construction increased 0.3% from August to $14.5 billion in September. Gains for the month were driven by growth in investment in the residential sector (+0.4% to $10.0 billion), while investment in non-residential building construction remained unchanged at $4.5 billion. 

Investment in residential building construction

In the residential sector, the increase in investments was led by a gain of 1.0% within the multi-unit category (which includes doubles, row homes, and apartments) to $4.8 billion, while investment in the single-unit category edged down 0.2% to $5.3 billion. 

Investment in single-unit dwellings increased 5.2% compared with September 2017, while investment in multi-unit dwellings rose 14.6% over the same period.

Investment in non-residential building construction

Investment in non-residential building construction was unchanged at $4.5 billion in September, as gains in the commercial (+0.5% to $2.5 billion) and industrial (+2.0% to $0.9 billion) sectors were offset by a 2.7% decline in the institutional sector. 

Investment in non-residential building construction rose 4.1% in the 12 months to September, led by strength in the commercial (+$213 million) and industrial (+$137 million) sectors. In contrast, investment in the institutional and government sectors declined $172 million (-13.5%) compared with September 2017.

Source: Statistics Canada, www150.statcan.gc.ca/n1/daily-quotidien/181123/dq181123c-info-eng.htm.

Related Articles

Changing Scene

  • ABB Collaborates With EWEL Electrical Wholesalers Edmonton

    ABB Collaborates With EWEL Electrical Wholesalers Edmonton

    In a recent post, Minoshka Xavier, Project Manager at ABB, reported how great it is to see the interaction between ABB and EWEL Electrical Wholesalers Edmonton. As Minoshka says in her post, bringing together strong expertise and teamwork is what drives meaningful progress, and she is excited to be part of that journey, and is… Read More…

  • Graybar Canada Congratulates Alex Metcalf and Dan Dapulayan

    Graybar Canada Congratulates Alex Metcalf and Dan Dapulayan

    Recently, congratulations went out to Alex Metcalf, Account Manager at Graybar Canada’s Kentville Branch, on receiving his 15-year service award, as well as Dan Dapulayan, Inside Sales at the Wabush Branch, on receiving his 5-year service award with the company. Graybar Canada thanked them both for their hard work, dedication, and contributions to the team,… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound