Canadian investment in new residential construction rises 9.7 percent in March

Friday, 20 May 2016 00:07:57 (GMT+3)   |   San Diego
According to Statistics Canada, investment in new residential construction totaled $3.8 billion in March, up 9.7 percent from the same month a year earlier. 

At the national level, higher spending on apartment and apartment-condominium buildings, which rose 19.9 percent to $1.4 billion, and single-family dwellings, which increased 5.9 percent to $1.9 billion, contributed the most to the advance. Investment in row houses also registered an increase, rising 9.2 percent to $384 million.

Conversely, spending on semi-detached dwellings decreased year over year for the 11th consecutive month, down 15.1 percent to $164 million in March.

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