Canadian investment in non-residential building construction falls 0.5 percent in Q1

Tuesday, 18 April 2017 00:51:53 (GMT+3)   |   San Diego
       

According to Statistics Canada, investment in non-residential building construction totaled $12.3 billion in the first quarter of 2017, down 0.5 percent from the previous quarter. This marked the sixth decrease in seven quarters. Nationally, the decline largely reflected lower spending on the construction of institutional buildings and, to a lesser extent, on the construction of industrial buildings.
 
In the institutional component, investment fell 1.7 percent to $3.4 billion. The national decrease was due to the decline in investment in educational buildings and health care facilities, which more than offset increased spending on nursing homes.
 
Investment in industrial projects decreased 0.4 percent to $1.7 billion in the first quarter. At the national level, the decline was attributable to lower investment in the construction of farm and maintenance buildings, which offset growth in investment in manufacturing plant construction.
 
Spending on commercial buildings remained stable at $7.2 billion in the first quarter. While spending on the construction of recreation centers, office buildings and warehouses increased, it was offset by a decline in investment in shopping centers and restaurants.


Similar articles

Value of Canadian building permits up 9.3 percent in February

10 Apr | Steel News

Investment in Canadian building construction down 0.9 percent in January

18 Mar | Steel News

Value of Canadian building permits up 13.5 percent in January

07 Mar | Steel News

Canadian new home prices decline 0.1 percent in January

21 Feb | Steel News

Investment in Canadian building construction up 0.3 percent in December

15 Feb | Steel News

Value of Canadian building permits down 14 percent in December

06 Feb | Steel News

Canadian residential building construction costs edge up in Q4

01 Feb | Steel News

Canadian new home prices remain stable in December

23 Jan | Steel News

Value of Canadian building permits down 3.9 percent in November

09 Jan | Steel News

Canadian new home prices down 0.2 percent in November

18 Dec | Steel News