Statistics Canada (StatsCan) today (12-9-21) reported that investment in building, after five consecutive months of declines, posted an increase of 1.6% to $17.8 billion (CAD) in October. Quebec led the way with a 3.5% increase. On a constant dollar basis (2012=100), investment in building construction increased 1.6% to $12.3 billion.
Residential construction investment rose 1.4% to $12.9 billion in October. Investment in single-family homes edged up 0.6% to $7.0 billion. Multi-unit construction investment rose 2.4% to $5.9 billion.
Non-residential construction investment was up across all components in October, with an overall increase of 2.0% to $4.9 billion — the highest value since July 2020. Commercial investment rose 2.6% to $2.7 billion. Investment in the institutional component rose 1.3% to $1.4 billion. Industrial construction investment increased 1.4% to $839 million.
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Investment in building construction, October 2021