The 2020 Mid-Year Economic Update_long

Canadian New Housing Construction Investment Up 3.7% in November

Apartment and apartment-condominium buildings led the increase, rising 6 percent.

Canadian investment in new housing construction rose 3.7 percent to C$4.1 billion (US$3.3 billion) in November compared with the same month in 2013.

Alberta recorded the largest year-over-year increase, with investment up 18.4 percent to C$972 million (US$786.8 million), followed by British Columbia, up 10.7 percent to C$687 million (US$556.1 million), and Ontario, up 4.5 percent to C$1.4 billion (US$1.1 billion).

Conversely, Quebec posted the largest decline, down 8.2 percent to C$605 million (US$489.6 million). Gains recorded in the other dwelling types were not enough to offset decline in single-family dwellings.

At the national level, investment rose in all building types except single-family dwellings, where investment totaled C$2.2 billion (US$1.7 billion) in November, remaining relatively unchanged from November 2013.

Spending in apartment and apartment-condominium building construction led the increase, with investment rising 6 percent to C$1.3 billion (US$1 billion), followed by row houses, up 16.6 percent to C$411 million (US$332.6 million), and semi-detached dwellings, up 7.1 percent to $216 million (US$174.8 million).

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