September Investment in New Housing Construction Rises 4.8% YOY

Res Con

Spending on new housing construction rose 4.8% year over year to $4.8 billion in September, following a 2.9% gain in August (revised data).The increase at the national level reflected higher investment in apartment and apartment-condominium building and row house construction, as spending on single-family and semi-detached dwellings continued to decline.

Spending on apartment and apartment-condominium building construction rose 26.5% from the same month a year earlier to $1.7 billion in September. This was the fifth consecutive double-digit increase.

Investment in row house construction also increased year over year, albeit at a slower pace, up 3.7% from September 2014 to $445 million.

Investment in the construction of single-family dwellings fell 5.0% year over year to $2.4 billion in September, marking the fourth consecutive decrease. Spending on semi-detached dwellings declined 13.2% from the same month a year earlier to $226 million in September.

Chart 1: Investment in new housing construction, by type of dwelling

Residential Construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction spending rose in five provinces, led by Ontario, followed by British Columbia and Quebec.

In Ontario, investment in new housing construction increased 17.6% year over year to $1.8 billion. Spending on apartment and apartment-condominium building construction rose 34.0% to $597 million, the second consecutive double-digit increase. Investment in single-family dwelling construction grew 15.1% to $967 million.

In British Columbia, spending on new housing construction rose 15.7% from the same month a year earlier to $836 million. Investment in apartment and apartment-condominium building construction increased 22.2% to $346 million. Spending on single-family housing construction, in turn, grew 12.3% to $387 million.

In Quebec, where construction spending had been on a downward trend since December 2012, investment grew 7.0% year over year to $719 million. The increase reflected higher investment in apartment and apartment-condominium building construction, as spending on single-family housing, row houses and semi-detached dwellings declined.

Alberta registered the largest decline in new housing construction spending on a year-over-year basis in September, followed by Saskatchewan and Manitoba.

Investment in new housing construction, by province and territory
Residential Construction 2

Source: Statistics Canada

 

 

Related Articles


Latest Articles


Changing Scene

  • Munden Enterprises Earns Arlington’s Canadian Sales Achievement Award

    Munden Enterprises Earns Arlington’s Canadian Sales Achievement Award

    February 18, 2025 Arlington Industries Inc. is pleased to announce the recipients of its annual representative sales awards – for 2024 sales of Arlington’s MADE IN USA and many patented, innovative and labor-saving products. Presented to firms representing Arlington at the recent 2025 National Electrical Manufacturers Representatives Association (NEMRA) meeting in Orlando, Florida, these awards… Read More…

  • Have your Say on the Proposed Regulations for the NWT Builders’ Lien Act

    Have your Say on the Proposed Regulations for the NWT Builders’ Lien Act

    February 14, 2025 The GNWT is modernizing the legal framework for construction liens. In 2023, the Builders’ Lien Act was enacted to replace the Mechanics Lien Act. The new legislation was put in place to address modern construction practices. It sets out the legal processes, systems, rights, and remedies for parties involved in construction disputes.  The GNWT… Read More…

  • Federal Government Investing in Skilled Trades Training for Atlantic Canada

    Federal Government Investing in Skilled Trades Training for Atlantic Canada

    February 14, 2025 Canada is building more homes, bridges and key infrastructure than at any point in recent history. That requires skilled workers in communities across the country, including in the Atlantic provinces. To encourage more people to join the skilled trades, to build the homes Canadians expect and the resilient economy this moment demands,… Read More…

  • Nova Scotia Power Holding Open Houses to Discuss Modernizing the Electrical Inspections Process

    Nova Scotia Power Holding Open Houses to Discuss Modernizing the Electrical Inspections Process

    February 14, 2025 As Nova Scotia continues to experience unprecedented building growth, it’s the perfect time to review and improve the electrical inspection process—with safety as the top priority. Nova Scotia Power and the Department of Labour, Skills, and Immigration are coming together to explore new opportunities—including risk-based electrical inspections—to ensure the process remains safe,… Read More…