According to Statistics Canada, new housing construction investment totaled $4.2 billion in March, up 9.0 percent compared with March 2016. This gain was mainly the result of a $252.6 million increase in investments in Ontario.
Nationally, higher investments were observed for the four main types of dwellings. The biggest gain was observed in spending on single-family dwellings, rising $265.8 million to $2.2 billion. This accounted for just over half (51.8 percent) of total spending on residential construction in March.
Investments in apartment building construction totaled $1.4 billion in March, accounting for one-third (33.4 percent) of total spending. At the national level, investments in this type of dwelling edged up 0.2 percent from March 2016.
Investments of $438.7 million in new row housing construction represent an increase of 14.4 percent compared with March 2016 levels.