New Housing Construction up 5% in May YOY

July 27, 2016

The increase at the national level came mainly from higher investment in apartment and apartment-condominium building construction, up 17.2% year over year to $1.5 billion. Spending on row house construction also contributed to the advance, up 13.4% to $454 million.

 

 

 

 

 

 

 

 

 

 

 

 

 

In contrast, investment in single-family dwellings was $2.0 billion, 2.6% lower than in May 2015, while spending on semi-detached dwelling construction declined 10.7% to $206 million.

At the provincial level, the largest increases in new housing investment were recorded in Ontario and British Columbia.

In Ontario, investment rose 24.3% from the same month a year earlier to $1.7 billion in May. The increase resulted from higher construction spending on all dwelling types. Construction investment in single-family dwellings led the advance, rising 25.8% to $886 million.

Spending in British Columbia increased 31.9% year over year to $937 million in May. This gain was attributable to higher spending on apartment and apartment-condominium buildings, single-family dwellings and row houses. Construction spending for semi-detached buildings declined.

Investment in new housing construction fell in six provinces in May compared with May 2015, with Alberta, Saskatchewan and Quebec registering the largest decreases. Spending was down 31.4% to $653 million in Alberta, the 11th consecutive month of year-over-year decline.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/160721/dq160721c-eng.htm.

Related Articles


Latest Articles


Changing Scene

  • SkilledTradesBC CEO, Shelly Gray Named to BIV Influential Women in Business Award

    SkilledTradesBC CEO, Shelly Gray Named to BIV Influential Women in Business Award

    February 22, 2024 SkilledTradesBC have announced CEO Shelley Gray is one of six women selected for Business in Vancouver’s Influential Women in Business Awards 2024. Shelley’s nomination was based on her work leading the organization through a critical year of transition and transformation, including the implementation of Skilled Trades Certification. It also celebrated SkilledTradesBC’s record-breaking year in… Read More…

  • AEA Award 2024: Carson Keen Presented with Emerging Leader Award

    AEA Award 2024: Carson Keen Presented with Emerging Leader Award

    February 22, 2024 Carson Keen was presented with an Emerging Leader Award at the AEA Calgary 2023 Christmas Luncheon this past December for his remarkable career and contributions he continues to make within Alberta’s lighting industry. Carson’s career within the lighting industry began over 15 years ago, with 13 of those years being spent at… Read More…

  • New Supports Announced for Apprentices to Purchase Tools and Technology in Nova Scotia

    New Supports Announced for Apprentices to Purchase Tools and Technology in Nova Scotia

    February 22, 2024 Two new grants will help Nova Scotian apprentices purchase tools and technology to support their training and launch their careers. The Province will provide a one-time grant of up to $1,000 to purchase new tools, equipment and clothing required, while a technology support grant will offer up to $900 for a computer… Read More…

  • IDEAL Electrical™ and BILT® Make it Easier than Ever to Learn Conduit Bending

    IDEAL Electrical™ and BILT® Make it Easier than Ever to Learn Conduit Bending

    February 22, 2024 Conduit bending – one of the hardest skills for professional electricians to master – is now easier than ever to learn, thanks to a first-of-its kind partnership between BILT, an app that has revolutionized step-by-step interactive instructions for DIYers and IDEAL Electrical, a 108-year manufacturer of electrical tools and supplies for professional electricians.  The… Read More…