According to Statistics Canada, total investment in building construction increased 0.3 percent from August to $14.5 billion in September. Gains for the month were driven by growth in investment in the residential sector (+0.4 percent to $10.0 billion), while investment in non-residential building construction was unchanged at $4.5 billion.
In the residential sector, the increase in investments was led by a gain of 1.0 percent within the multi-unit category (which includes doubles, row homes, and apartments) to $4.8 billion, while investment in the single-unit category edged down 0.2 percent to $5.3 billion.
Investment in single-unit dwellings increased 5.2 percent compared with September 2017, while investment in multi-unit dwellings rose 14.6 percent over the same period.
Investment in non-residential building construction was unchanged at $4.5 billion in September, as gains in the commercial (+0.5 percent to $2.5 billion) and industrial (+2.0 percent to $0.9 billion) sectors were offset by a 2.7 percent decline in the institutional sector.
Investment in non-residential building construction rose 4.1 percent in the 12 months to September, led by strength in the commercial (+$213 million) and industrial (+$137 million) sectors. In contrast, investment in the institutional and government sectors declined $172 million (-13.5 percent) compared with September 2017.