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(Source: Statistics Canada, Table 34-10-0175-01, April 14, 2022. Reproduced and distributed “as is” with permission from Statistics Canada.)

According to data compiled by Statistics Canada, investment in building construction rose 4% in February, reaching $20 billion for the first time. Most provinces reported gains, with Quebec accounting for more than half of the increase.

The non-residential sector was up for an eighth straight month in February, rising 1.1% to $5.1 billion. Commercial investment reached $2.8 billion; the institutional component remained virtually unchanged at $1.4 billion; and industrial construction rose nearly 3% to $893 million.

Residential construction also continued to show strength. The value of single-family home construction rose nearly 5% to $8.0 billion in February. The multi-unit construction segment rose just over 5% to $6.9 billion, driven primarily by strong increases in Quebec.

Overall investment in residential construction reached $14.9 billion in February.