by carly_midgley | December 22, 2016 8:17 am
According to Statistics Canada[1], a number of increases occurred in new residential construction investment between September 2015 and the same month of this year. Overall, this type of construction spending has risen by 5.9 per cent, to a total of $5.1 billion. Spearheaded by higher spending on single-family dwellings in particular—which has increased by 8.2 per cent to a total of $2.6 billion—this makes September the eight consecutive month to see year-over-year advances.
Shifts in construction spending have also occurred with:
New housing construction spending also fluctuated at the provincial level this year, with four provinces (led by British Columbia and Ontario) reporting advances and six (led by Alberta) reporting declines. In each case, these increases or decreases were primarily caused by corresponding shifts in spending on apartment buildings or single-family dwellings.
Specifically, the following changes occurred:
A full report, including tables, can be accessed here[2].
Source URL: https://www.constructioncanada.net/canadian-investment-in-new-residential-construction-rises/
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