Investment in new Canadian residential construction rises 5.9 percent in September

Tuesday, 22 November 2016 00:20:36 (GMT+3)   |   San Diego
       

According to Statistics Canada, Canadian investment in new residential construction totaled $5.1 billion in September, up 5.9 percent from the same month a year earlier.
 
Nationally, the increase was led by higher spending on single-family dwellings, which rose 8.2 percent year over year to $2.6 billion in September. This marked the eighth consecutive month of year-over-year advances.
 
Gains were also reported in spending on apartment buildings (+2.8 percent to $1.8 billion) and row houses (+8.7 percent to $484 million).
 
In contrast, investment in semi-detached dwellings edged down 0.2 percent from September 2015 to $226 million.

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