Canada’s investment in building construction rose 1.8% in January

Statistics Canada
March 17, 2025
Category: Finance & Economics
Region: Canada

Overall, investment in building construction rose 1.8% (+$393.7 million) to $22.1 billion in January. The residential sector increased 2.3% to $15.4 billion, while the non-residential sector was up 0.8% to $6.7 billion. Year over year, investment in building construction grew 5.7% in January. On a constant dollar basis (2017=100), investment in building construction increased 1.5% from the previous month to $13.2 billion in January and was up 2.5% year over year. …Investment in multi-unit construction was up $497.5 million to $8.2 billion in January. Single-family home investment declined $155.5 million to $7.2 billion in January, with declines being recorded in eight provinces and one territory. …Investment in non-residential construction increased $51.7 million to $6.7 billion in January. This marked the sixth consecutive monthly increase. 

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