Investment in Building Construction, June 2025: Rise in Residential

September 8, 2025

Investment in building construction rose $454.4 million to $22.7 billion in June. The residential sector rose 3.1%, while the non-residential sector edged down 0.5%. Year over year, investment in building construction grew 8.0% in June.

On a constant dollar basis (2023=100), the value of investment in building construction in June rose 1.6% from the previous month and was up 4.2% year over year.

Rise in residential building construction investment

Investment in residential building construction rose $485.3 million (+3.1%) to $15.9 billion in June. The increase was driven by the multi-unit component (+4.2%), followed by the single-family component (+1.8%).

In June, multi-unit construction investment increased $362.3 million to $9.1 billion. Gains were led by Quebec (+$125.2 million), followed by British Columbia (+$72.7 million).

Investment in single-family home construction grew by $123.0 million to $6.9 billion in June. The increase in the single-family component was led by Quebec (+$68.4 million), followed by Ontario (+$36.3 million). Overall, seven provinces and two territories contributed to the increase in this component.

Investment in non-residential building construction declines

The value of investment in non-residential building construction edged down $30.8 million to $6.7 billion in June. All three components in the non-residential sector—industrial (-1.9%), institutional (-0.1%) and commercial (-0.1%)—decreased.

The industrial component declined $27.3 million to $1.4 billion in June, marking the fifth consecutive monthly decrease. Losses were led by Quebec (-$13.5 million) and, to a lesser extent, Ontario (-$6.8 million).

The institutional component edged down $1.8 million to $2.0 billion in June, with decreases being recorded in six provinces and three territories, led by Quebec (-$9.8 million). The declines were partially offset by increases in Alberta (+$5.0 million) and British Columbia (+$2.9 million).

Investment in the commercial component was slightly down, decreasing $1.7 million to $3.3 billion in June. Declines in the commercial component were led by Ontario (-$9.7 million) and British Columbia (-$3.2 million) and were tempered by an increase in Quebec (+$10.9 million).

Second quarter summary: Investment in building construction increases

The value of investment in building construction was $67.4 billion in the second quarter, virtually unchanged from the previous quarter. Year over year, investment in building construction grew by 8.5%.

Investment in residential building construction edged up 0.2% to $47.1 billion in the second quarter. This increase was driven by the multi-unit component, which rose 1.5%, while the single-family component declined 1.4%.

Investment in non-residential building construction decreased 0.6% to $20.3 billion in the second quarter. Decreases in the industrial (-3.8%) and commercial (-1.0%) components were partially offset by an increase in the institutional component (+2.2%).

The Daily — Investment in building construction, June 2025