Canada’s investment in building construction declined $0.6 billion in September

Statistics Canada
November 14, 2022
Category: Finance & Economics
Region: Canada

Canada’s investment in building construction declined $0.6 to $20.9 billion in September, with most of the weakness coming from Quebec (-3.4%). The residential sector decreased 1.3% to $15.4 billion. Conversely, the non-residential sector rose 1.6% to $5.4 billion. On a constant dollar basis (2012=100), investment in building construction continued its downward trend since the last peak recorded in February 2022, decreasing 1.5% to $12.3 billion. Investment in the residential building construction decreased 1.3% to $15.4 billion in September. Residential construction investment has seen little growth since February, with both single-family and multi-family construction remaining relatively stable since February. Single-family home investment declined 1.3% to $8.5 billion in September and has stayed around this value since May.

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