Canadian Investment in Building Construction Increases in February
Investment in building construction, February 2023
Statistics Canada (StatCan) reported Wednesday (4-12-23) that investment in building construction rose 1.0% to $20.6 billion (CAD) in February, with all sectors posting gains. On a constant dollar basis (2012=100), investment in building construction increased 0.2% to $11.9 billion.
Investment in residential building construction climbed 1.1% to $15.0 billion in February. Single-family residential home investment led the way with a 1.3%, or $102.8 million, increase. Multi-unit construction increased 0.8% to $6.9 billion.
Investment in the non-residential sector rose 0.8% to $5.6 billion in February. Industrial construction investment increased 1.1% to $1.1 billion and was up 23.1% year-over-year. Commercial construction investment was relatively stable, posting a 0.5% increase to $3.1 billion. Industrial construction investment rose 1.0% to $1.4 billion in February.
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