Canadian investment in residential construction rises 3.9 percent in Q2

Friday, 02 September 2016 22:03:57 (GMT+3)   |   San Diego
       

According to Statistics Canada, the total value of investment in residential construction increased 3.9 percent to $30.8 billion in the second quarter compared with the same quarter in 2015. This marked the 10th consecutive year-over-year advance.
 
Higher investment in every component contributed to the national growth, except semi-detached dwellings, which recorded their fifth consecutive year-over-year quarterly decline.

Spending on apartment and apartment-condominium building construction (up 17.0 percent to $4.5 billion) and single-family dwelling construction (up 4.7 percent to $6.6 billion) accounted for much of the gain at the national level.

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