Canadian new housing construction investment rises 4.2 percent in March

Friday, 22 May 2015 01:10:48 (GMT+3)   |   San Diego
       

According to Statistics Canada, investment in new housing construction increased 4.2 percent to $3.5 billion in March compared with the same month a year earlier.

Investment rose in all dwelling types with apartment and apartment-condominium buildings accounting for much of the national advance. Investment in apartment and apartment-condominium buildings rose 7.5 percent to $1.2 billion, while spending on single-family homes increased 1.5 percent to $1.8 billion. Investment in row house construction advanced 7.7 percent to $351 million and spending on semi-detached dwellings rose 5.1 percent to $193 million.


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