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

  • Franklin Empire Inc. Announces Acquisition of O’Neil Electric Supply, Strengthening its Presence in Ontario and Eastern Canada

    Franklin Empire Inc. Announces Acquisition of O’Neil Electric Supply, Strengthening its Presence in Ontario and Eastern Canada

    Franklin Empire Inc. is proud and excited to announce that it has entered into a definitive agreement to acquire O’Neil Electric Supply, an Ontario-based electrical distributor, subject to customary closing conditions, including receipt of required regulatory approvals. This strategic acquisition further strengthens Franklin Empire’s position within the electrical industry and supports its long-term growth strategy. Read More…

  • Hammond Power Solutions Inc. to Acquire AEG Power Solutions

    Hammond Power Solutions Inc. to Acquire AEG Power Solutions

    Hammond Power Solutions Inc. has recently announced that it has signed a definitive agreement to acquire AEG Power Solutions, subject to regulatory approvals and customary closing conditions. AEG Power Solutions is a global manufacturer of mission critical industrial power electronics serving a diverse set of markets, including industrial facilities, transportation, infrastructure, and energy applications. Operating… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound