According to Statistics Canada, month over month, investment in building construction increased by 0.1 percent to $23.5 billion in August. Investment in the residential sector decreased 0.3 percent in August, while investment in the non-residential sector increased 1.0% percent.
Investment in residential building construction decreased by $45.4 million to $16.1 billion in August.
Nationally, investment in detached single-family homes decreased by $98.3 million to $7.6 billion in August. Losses in British Columbia (-$46.5 million) and Quebec (-$45.7 million) led the national decline, supported by declines across four other provinces and two territories.
Investment in the non-residential sector increased by $70.5 million to $7.4 billion in August. Investment in the institutional component increased by 1.9 percent to $2.4 billion, the industrial component decreased by 0.1 percent to $1.5 billion, and the commercial component increased by 0.8 percent to $3.6 billion.
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