The 2020 Mid-Year Economic Update_long

Canadian New Housing Construction Investment Up 3.1% in June

Apartment and apartment-condominium buildings led increase, rising 12.8 percent.

Canadian investment in new housing construction increased 3.1 percent to C$4.1 billion (US$3.1 billion) in June compared with the same month in 2014, according to Statistics Canada.

The increase was mainly due to higher investment in apartment and apartment-condominium building construction, which advanced 12.8 percent to C$1.3 billion (US$1 billion). Spending in row house construction also contributed to the gain in June, rising 4.2 percent to C$385 million (US$294.2 million).

In contrast, spending in semi-detached dwelling construction decreased 9.4 percent to C$223 million (US$170.4 million). Investment in single-family dwellings edged down 0.9 percent to C$2.1 billion (US$1.6 billion).

At the provincial level, Ontario, British Columbia, Alberta and Nova Scotia recorded year-over-year increases.

In Ontario, construction spending increased 10.1 percent to C$1.4 billion (US$1.1 billion) in June. In British Columbia, investment in new residential construction was rose 17 percent to C$715 million (US$546.3 million). In Alberta, investment grew at a slower pace, up 2 percent to C$916 million (US$700 million). In Nova Scotia, spending advanced 34.7 percent to C$54 million (US$41.3 million).

In contrast, Quebec, Saskatchewan and Manitoba recorded the largest declines among the remaining provinces.

In Quebec, investment in new housing construction fell 8.6 percent to C$656 million (US$501.3 million) in June. In Saskatchewan, construction spending decreased 26.3 percent to C$116 million (US$88.6 million). In Manitoba, spending on new residential construction declined 20.1 percent to C$99 million (US$75.7 million).

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.