Canadian housing construction investment rises in April

Tuesday, 23 June 2015 01:15:48 (GMT+3)   |   San Diego

According to a report Monday from Statistics Canada, investment in new housing construction rose 2.3 percent to $3.9 billion in April compared with the same month in 2014.

Higher investment in apartment and apartment-condominium building construction was responsible for most of the national advance, rising 7.9 percent to $1.3 billion. Increased spending in row house construction (+5.9 percent to $383 million) and semi-detached dwelling construction (+3.2 percent to $229 million) also contributed to the advance. Single-family dwellings were the lone component to register a decline in construction spending, down 1.8 percent to $2.0 billion.


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