Residential Construction Investment Rises 3.9% YOY in Q2 2016

37 stats can

  September 7, 2016

The total value of investment in residential construction increased 3.9% to $30.8 billion in the second quarter compared with the same quarter in 2015. This marked the 10th consecutive year-over-year advance.

Higher investment in every component contributed to the national growth, except semi-detached dwellings, which recorded their fifth consecutive year-over-year quarterly decline.

Spending on apartment and apartment-condominium building construction (up 17.0% to $4.5 billion) and single-family dwelling construction (up 4.7% to $6.6 billion) accounted for much of the gain at the national level.

At the provincial level, increases occurred in five provinces, led by Ontario, followed by British Columbia and Quebec.

In Ontario, residential construction investment rose 10.7% to $12.0 billion in the second quarter compared with the same quarter a year earlier. The increase was mainly attributable to higher investment in single-family dwellings, apartment and apartment-condominium buildings and, to a lesser extent, renovations and row houses.

In British Columbia, construction spending grew 17.0% from the second quarter of the previous year to $4.9 billion in the second quarter. The gain was largely the result of higher spending on apartment and apartment-condominium buildings and single-family dwellings, as well as higher acquisition costs related to new dwelling units.

In Quebec, residential construction spending totalled $6.6 billion in the second quarter, up 6.3% from the same quarter a year earlier. This marked the second consecutive year-over-year gain. The advance was mostly due to higher acquisition costs, increased investment in apartment and apartment-condominium buildings, and a rise in spending on renovation work.

Alberta registered the largest decline among the other five provinces, followed distantly by Nova Scotia.

In Alberta, residential construction investment fell 17.4% to $4.2 billion in the second quarter compared with the second quarter of 2015. This was the fifth consecutive quarterly decline. The decrease was largely the result of lower spending on all four principal dwelling types, with single-family dwellings accounting for most of the decline.

In Nova Scotia, spending on residential construction declined year over year for the third consecutive quarter, down 20.7% to $483 million. The decrease was largely attributable to lower investment in renovation work, as the advance in other components, such as single-family dwellings and acquisition costs, was not enough to offset the decline.

 

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/160902/dq160902c-eng.htm.

 

 

 

Related Articles


Latest Articles

  • Code Question on Section 24 – Patient Care Areas

    Code Question on Section 24 – Patient Care Areas

    July 14, 2025 The rules for the installation of panelboards, circuits, and bonding in Patient Care Area depends on whether the area is designated as either, Basic Care, Intermediate Care or Critical Care. How are these areas defined? Read more on Section 24 — Health care areas Read More…

  • Ontario’s Institutional Component Drives Non-Residential Construction Intentions in May 2025

    Ontario’s Institutional Component Drives Non-Residential Construction Intentions in May 2025

    July 14, 2025 In May, the total value of building permits issued in Canada rose by $1.4 billion (+12.0%) to reach $13.1 billion. The increase in construction intentions was driven by Ontario’s institutional component (+$1.3 billion). On a constant dollar basis (2023=100), the total value of building permits issued in May increased 11.8% from the previous month and was… Read More…

  • Plan Group Partners in Construction of UHN Surgical Tower at Toronto Western Hospital

    Plan Group Partners in Construction of UHN Surgical Tower at Toronto Western Hospital

    July 14, 2025 Plan Group is proud to be a partner in the construction of the UHN Surgical Tower at Toronto Western Hospital. Plan Group will provide work on the project in: Mechanical: Plumbing, HVAC, Controls, Medical GasElectrical: Lighting & Controls, Power Distribution, Emergency Generators, UPSTechnology: Structured Cabling, AV Systems including Digital Signage and IPTV UHN’s 15-storey Surgical… Read More…

  • How Canada Can Equip Workers for a Low-Carbon Future

    How Canada Can Equip Workers for a Low-Carbon Future

    July 14, 2025 The Canadian economy is shifting towards low-carbon industries, and the workforce is shifting with it. New roles are emerging, traditional ones are evolving and the demand for skilled workers is growing fast — particularly in light of the ambitious nation-building agenda the federal government has set out. In the federal Speech from… Read More…


Changing Scene

  • OEL Apprentice Success Project Available Until March 2026

    OEL Apprentice Success Project Available Until March 2026

    July 14, 2025 With renewed funding by Ontario’s Skills Development Fund, the OEL Apprentice Success Project is now available for another year until March 2026. The project is part of OEL’s Employer Engagement Program (EEP) consisting of wage, training, and equipment subsidies for apprentices. These funding opportunities are available to OEL Members and non-Members. For… Read More…

  • EB Horsman Unveils New Mural at Campbell River Branch

    EB Horsman Unveils New Mural at Campbell River Branch

    July 14, 2025 EB Horsman & Son are thrilled to unveil a new mural at their Campbell River branch, painted by the talented Kwakwaka’wakw artist, Adam Lewis. “This stunning piece celebrates Indigenous heritage and our community spirit,” said EB Horsman on LinkedIn. “As we mark 125 years of serving Western Canada and 55 years in… Read More…

  • Glenco Electric Celebrate New Red Seal Team Members

    Glenco Electric Celebrate New Red Seal Team Members

    July 14, 2025 “The Red Seal Journeyman designation is the highest recognition in the trades, and we’re proud to have seen so many of our team members earn it under our watch,” said Glenco Electric on LinkedIn. “At Glenco, we’re big on mentorship and promoting from within. When you combine that with driven, hard-working professionals,… Read More…

  • Canada and Ontario Investing to Improve Energy Efficiency in Province’s Agri-Food Industry

    Canada and Ontario Investing to Improve Energy Efficiency in Province’s Agri-Food Industry

    July 14, 2025 The governments of Canada and Ontario are investing up to $3 million and launching the third intake of the Agricultural Stewardship Initiative (ASI) to help farmers implement projects to improve the energy efficiency of their farming operations. To support the province’s plan to protect Ontario, this funding will help local agriculture, agri-food… Read More…