Skip to main content

According to Statistics Canada, investment in building construction in Canada rose 2.7% to $20.9 billion in April. Gains were reported in the residential (+3.2%) and non-residential (+1.4%) sectors.

Investment in residential construction rose for a seventh consecutive month, rising 3.2% to $15.7 billion in April. British Columbia (+8.3%) led the way and hit a record high.

Investment in single-family homes rose 4.5% to $8.8 billion, with gains in seven provinces. Conversely, Saskatchewan recorded the largest decline in investment (-12.5%), after posting increases for six of the previous seven months.

Investment in multi-unit construction rose 1.5% to $6.9 billion, with British Columbia driving much of the advance in the component.

Investment in the non-residential construction sector rose 1.4% in April, with seven provinces posting increases.

Investment in industrial construction rose 1.7% to $931 million, with Ontario accounting for most of the net growth.

Commercial investment rose 1.5% to $2.9 billion. Nine provinces recorded growth, with a major retail project in Vancouver contributing significantly to the month.

Institutional investment rose 1.0% to $1.4 billion, its fourth consecutive monthly advance. The growth was led by Quebec, with a federal building in Shawinigan designed for the Canada Revenue Agency and Employment and Social Development Canada.