Investment in multifamily construction reaches new heights

  6/24/2019 |   SHARE
Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda | Back to Main Blog Page

New Construction w Supervisors

The residential construction sector led the gains for overall Canadian construction investment in April, the latest month of figures released by Statistics Canada.

The 3.6% increase for the residential sector took investment to $10.6 billion for the month, while the non-residential sector gained 0.3% to $4.7 billion. The total investment in Canadian construction was up 2.6% to $14.8 billion.

Within the gains for residential construction investment, the multi-unit dwellings sector hit new highs in April with a 7.1% increase to $5.6 billion. The single-family homes sector gained 0.3% to $5.0 billion.

Provincially, gains in multi-unit investment were led by British Columbia (+$205 million), Manitoba (+$94 million) and Quebec (+$75 million).

Meanwhile, non-residential investment was up slightly in Quebec (+$19 million) and British Columbia (+$16 million). These gains were partially offset by declines in Alberta (-$11 million) and Ontario (-$11 million).



Canada, New Developments, Statistics Canada

Ask Sam Cuda & Nancy Cuda

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.