According to Statistics Canada, month over month, investment in building construction declined by 0.5 percent to $23.2 billion in June. Investment in the residential sector decreased 0.6 percent in June, while investment in the non-residential sector decreased 0.1% percent.
Investment in residential building construction decreased by $104.9 million to $16.1 billion in June.
Nationally, investment in detached single-family homes increased by $66.2 million to $7.5 billion in June. Gains in British Columbia (+$96.5 million) were partially offset by declines in Ontario (-$43.9 million).
Investment in the non-residential sector decreased by $4.7 million to $7.1 billion in June. Investment in the institutional component increased by 0.6 percent to $2.2 billion, the industrial component increased by 0.4 percent to $1.5 billion, and the commercial component decreased by 0.7 percent to $3.5 billion.
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