Thursday, June 20, 2024
  • Dentec - Leaderboard - 2023 - Updated
  • Sage Leaderboard
  • CWRE 2024
  • Keith Walking Floor - Leaderboard - Sept 2021
  • IAPMO R&T Lab - Leaderboard
  • Revizto - Leaderboard - May and June 2024
  • Premier Leaderboard - updated Nov 19
  • Procore Leaderboard 2024
April 25, 2019

Statistics Canada – Investment in building construction, February 2019



Total investment in building construction increased in February, up 3.8% from January to $15.3 billion. This increase was primarily due to investment growth in the residential sector (+5.4% to $11.0 billion), while the non-residential sector remained unchanged at $4.4 billion. On a constant dollar basis (2012=100), investment in building construction rose 3.9% to $13.0 billion.

Investment in residential building construction

The increase in total residential investment for February was driven by strength in multi-unit dwellings (+8.4% to $5.5 billion), while investment in single family homes rose more modestly (+2.6% to $5.5 billion).

The gain in residential investment was primarily due to renovation work, up $1.1 billion from the previous year.

Investment in non-residential building construction

Within the non-residential sector, investment in commercial building construction exceeded $2.5 billion, a record level. This gain reflected a 2.2% increase in Quebec which was mainly driven by a multi-plex sports facility being built in the city of Gatineau.

The industrial component rose 0.7% to $839 million in February. A new marijuana production facility for Canopy Growth Corporation in the City of Fredericton stimulated investment in New Brunswick, up 6.4% for the month.

The national decline in institutional construction investment (-1.0% to $988 million) was due primarily to the continuing decline in investment for maturing hospital projects in Alberta and Ontario. This was partly offset by an increase of $2 million in Quebec, reflecting continued investment in the Montréal Heart Institute.


Watch the video and learn more about Construction Links Network – the peer-to-peer network sharing platform for the construction, building and design community.

Ideal for YOUR Press Releases | Project Updates | New Appointments | Awards & Milestones | Company News | New Products/Services | Brochures | Videos | Infographics | Blog Sharing | Events and More