Canadian Investment in Building Construction Increased 1.2% in November

Statistics Canada (StatsCan) reported today (1-13-22) that investment in building construction increased 1.2% to $18.0 billion (CAD) in November. Every component, except industrial construction, experienced an increase. On a constant dollar basis (2012=100), investment in building construction grew 0.5% to $12.3 billion.

Overall, residential construction investment rose 1.5% to $13.1 billion in November. Multi-unit construction investment rose 2.4% to $6.0 billion, leading the entire complex higher. Investment in single-family homes increased 0.7% to $7.1 billion.

Non-residential construction investment edged up 0.6% in November to $4.9 billion. Commercial investment posted its fifth consecutive monthly increase of 0.6% to $2.7 billion. Investment in the institutional component was up 1.4% to $1.4 billion. Conversely, industrial construction declined -0.7% to $824 million, reflecting decreases in Ontario (-1.6%) and Manitoba (-6.8%). Nova Scotia saw strong gains, rising 14.8%.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Investment in building construction, November 2021