Saturday, June 21, 2025

Investment In Canada’s Residential Construction Soars To Record-High

Following three consecutive months of declines, investment in Canada’s building construction rose by 1.5% in December to a total of $15.5 billion. The gains were largely focused in the residential sector, which reached a new record amid a strong demand for housing across Canada.

According to Statistics Canada, the month of December saw non-residential construction investment remain flat at $4.4 billion for the third straight month. Although Ontario reported the highest increase of 2% from the prior month, the gain was offset by declines in five other provinces. Commercial building construction rose by 0.3% in December, with Ottawa’s Amazon Project Python mostly contributing to the 3.6% growth recorded in the province.

Institutional investment edged up by 0.9%, with British Columbia leading the increase with the construction of a new RCMP building in Fort St. John. On the other hand however, industrial investment dropped by 0.2% in December, with no significant changes reported in any of the provinces.

In the meantime, investment levels in residential construction soared to a record-high in December, climbing by 1.9% to a total of $11.1 billion. Investment in single-unit construction has continued to show resiliency for the third straight month, rising by 2.6%. Eight of the ten provinces posted gains, with Ontario, Quebec, and Alberta accounting for most of the increase. On a national level, multi-unit investment rose by 1.2%, as Ontario and British Columbia reported notable growth in condo and apartment building construction.

On a quarterly basis, the total value of investment in building construction increased by 0.3% to $46.2 billion. The gains were mostly driven by the residential sector, which also reported a record-breaking quarter, as single-unit and multi-unit construction grew by 7.9% and 2.2%, respectively.

Conversely however, commercial, industrial, and institutional investments all suffered a decline in the fourth quarter, leading to an overall drop of 9.8% in non-residential investment. The declines in both the second and fourth quarters of 2020 reflect the impact of Covid-19 on the non-residential sector. Prior to 2020, the last decrease of such a magnitude was recorded in the third quarter of 2016.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Federal Government Pledges $600 Million to Regional Relief Fund as Canada’s Economic Recovery Enters Standstill

As summer comes to an end and cold temperatures set in across much of Canada,...

Saturday, October 3, 2020, 03:56:00 PM

Bloc Québécois Leader Blanchet Makes Good on Threat to Challenge Liberals

Bloc Québécois Leader Yves-Francois Blanchet announced that his party is initiating discussions with other opposition...

Thursday, October 31, 2024, 12:12:00 PM

Canada to Start Tracking Gig Workers’ Income Under New Tax Rules

Canada will require digital platforms like Uber and DoorDash to disclose their workers’ earnings to...

Thursday, January 2, 2025, 07:45:53 AM

Canada’s Economy Could Lose Up To 500,000 Jobs As A Result Of Travel Restrictions

Since the onset of the pandemic, Canada has kept is borders shut to international tourists...

Saturday, October 24, 2020, 11:41:00 AM

Canada’s Unemployment Rate Rises to 6.6% in August Amid Mixed Job Market

Canada’s unemployment rate climbed to 6.6% in August, marking the highest level since May 2017...

Friday, September 6, 2024, 11:00:59 AM