Canadian Investment in Building Increases 1.6% in October
Investment in building construction, October 2021
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.
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.