Investment in Canadian building construction decreased 1.7% in July

Statistics Canada
September 18, 2024
Category: Finance & Economics
Region: Canada, Canada West

Investment in building construction decreased 1.7% to $20.9 billion in July, following increases in May (+0.7%) and June (+2.7%). Year over year, investment in building construction rose 7.0% in July. Both the residential (-2.2% to $14.6 billion) and non-residential (-0.4% to $6.3 billion) sectors posted declines in July. On a constant dollar basis (2017=100), investment in building construction fell 1.9% from June to $12.7 billion in July, but grew 3.9% year over year. …Overall, single-family home investment decreased 2.2% (-$148.9 million) to $6.7 billion in July with 11 provinces and territories posting declines. …Investment in multi-unit construction decreased 2.2% (-$181.1 million) to $7.9 billion in July. 

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