Investment in Canadian residential construction increases 2.2 percent in November

Thursday, 21 January 2016 23:28:22 (GMT+3)   |   San Diego
       

According to Statistics Canada, investment in residential construction rose 2.2 percent to $4.3 billion in November compared with the same month in 2014.

Higher construction spending on apartment and apartment-condominium buildings largely explained the advance. The gains in three provinces, led by Ontario, more than offset the declines in the other seven provinces.

Nearly two of every five dollars spent on residential investment was dedicated to apartment and apartment-condominium building construction. Investment spending on apartment and apartment-condominium buildings increased 26.6 percent year over year to $1.6 billion.

The investment for row-house dwelling construction was $416 million in November, up 3.4 percent compared with the same month in 2014.

Construction spending on single-family dwellings declined 9.6 percent to $2.1 billion, while construction spending on semi-detached dwellings was down 17.9 percent to $178 million from November 2014 levels.

Similar articles

Investment in Canadian building construction down 1.1 percent February

19 Apr | Steel News

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