Apartments Lead New Housing Construction in November 2017

New Housing Construction

 

Feb 5, 2018

New housing construction investment rose 7.9% from November 2016 to $5.0 billion in November, mostly attributable to increased construction investment in apartment buildings (+$282.1 million).

For the first time since September 2011, every province reported higher spending on apartment building construction. Quebec led the way, with a year-over-year increase of $165.3 million.

Decreased investment in single-family house construction

Nationally, investment in new housing construction grew year over year in November for every type of housing except single-family houses, where investment fell by $86.0 million (-3.5%). The decline was mainly attributable to lower spending on single-family house construction in Ontario (-$73.3 million) and Quebec (-$66.9 million).

Alberta stood out with a $77.0 million increase in single-family house construction, accounting for nearly three-quarters (73.1%) of the total increase in spending on new house construction in the province. Spending on new housing construction in Alberta increased year over year for all components for the first time since April 2015.

Other provincial highlights

New housing construction investment rose in seven provinces in November. The largest increase was in Alberta (+$105.3 million), followed closely by Ontario (+$101.0 million) and Quebec (+$97.3 million). Saskatchewan posted the largest decline (-$10.5 million or -9.6%) compared with November 2016.

New housing construction investment increased for all types of housing in four provinces: Alberta, British Columbia, Manitoba and Prince Edward Island.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/180122/dq180122b-eng.htm

Related Articles


Latest Articles


Changing Scene

  • ABB Acquires Bel Products Inc. to Expand Enclosures Portfolio in North America

    ABB Acquires Bel Products Inc. to Expand Enclosures Portfolio in North America

    June 3, 2025 ABB Electrification Canada Inc. announced it has completed its acquisition of Bel Products Inc., a Canadian manufacturer of commercial, industrial and custom-made enclosures. This acquisition enhances ABB’s market presence in Canada and the U.S., expanding its product portfolio and enabling the company to leverage its manufacturing, warehousing and supply chain capabilities to better meet growing customer demand. The financial terms of the transaction are undisclosed. The enclosures market is experiencing strong growth, fueled… Read More…

  • WAGO Now Available at Vanco Electrical Solutions

    WAGO Now Available at Vanco Electrical Solutions

    June 2 2025 Vanco Electrical Solutions are excited to announce that Vanco Electrical Solutions has partnered with WAGO, making their full line of innovative spring‑pressure connection and automation products available online at vancoelectrical.com. From their groundbreaking Push‑in CAGE CLAMP® technology to flexible I/O systems, WAGO has built a reputation for reliability and ease of use across… Read More…

  • Sonepar Announces the Appointment of Rob Thibeault to President of Robertson Electric

    Sonepar Announces the Appointment of Rob Thibeault to President of Robertson Electric

    June 2, 2025 Sonepar is pleased to announce the promotion of Rob Thibeault to President Robertson Electric effective June 2, 2025. Rob joined Robertson in 2017, bringing with him extensive experience in retail and marketing. Rob’s skill and dedication quickly saw him taking on additional responsibilities in operations, pricing, and analytics. Demonstrating a keen understanding… Read More…

  • Hammond Power Solutions Appoints Phill Picassinos as New Regional Sales Manager for Eastern GTA

    Hammond Power Solutions Appoints Phill Picassinos as New Regional Sales Manager for Eastern GTA

    June 2, 2025 Hammond Power Solutions is pleased to announce the appointment of Phill Picassinos as the Regional Sales Manager for Eastern GTA, Ontario. Phill will lead HPS’ sales efforts in the Eastern GTA, focusing on strengthening customer relationships and implementing regional strategies that align with national sales objectives. “Phill brings a wealth of experience… Read More…