According to Statistics Canada, investment in residential construction declined for the fourth straight month, falling 4.5 percent to $12.1 billion in June. Investment in non-residential construction edged down 0.2 percent to $5.9 billion. Overall, investment in building construction fell 3.1 percent to $18.0 billion in June.
Residential construction declined for the fourth consecutive month, falling 4.5 percent to $12.1 billion in June. Ontario (-5.8 percent to $5.1 billion) accounted for most of the drop.
Single family home construction fell 5.7 percent to $6.2 billion in June, with declines seen in eight provinces.
Multi-unit construction declined for the eighth straight month, falling 3.1 percent to $5.9 billion in June, the lowest level since September 2021.
Investment in non-residential construction edged down 0.2 percent to $5.9 billion in June due to widespread declines in Quebec (-3.1 percent to $1.3 billion).
Commercial construction was up 0.8 percent to $3.3 billion in June, while industrial (-1.4 percent to $1.2 billion) and institutional (-1.4 percent to $1.4 billion) construction both declined.