According to Statistics Canada, investment in new housing construction rose 7.2 percent from June 2016 to $4.7 billion in June 2017. The increase was mostly attributable to higher investment in single family dwellings (+$257.9 million).
New housing investment increased year over year for all dwelling types except apartments, which posted a decline of $12.3 million (-0.8 percent).
All but one province saw an increase in new housing investment in June 2017. The largest increase was in Quebec (+$82.6 million), followed by Alberta (+$72.5 million) and British Columbia (+$57.4 million). Newfoundland and Labrador posted a decrease of $7.4 million (-26.2 percent) compared to June 2016.