Multi-Unit Component Drives Growth in April 2026 Residential Construction Investment

July 13, 2026

The total value of investment in building construction increased $540.8 million (+2.3%) to $23.6 billion in April. The residential sector rose 3.1%, while the non-residential sector edged up 0.7%. Year over year, investment in building construction grew 7.8% in April.

On a constant dollar basis (2023=100), the total value of investment in building construction in April increased 2.2% from the previous month to $21.5 billion, and it was up 4.5% year over year.

The total value of investment in building construction increased $540.8 million (+2.3%) to $23.6 billion in April. The residential sector rose 3.1%, while the non-residential sector edged up 0.7%. Year over year, investment in building construction grew 7.8% in April.

On a constant dollar basis (2023=100), the total value of investment in building construction in April increased 2.2% from the previous month to $21.5 billion, and it was up 4.5% year over year.

Non-residential building investment edges up

In April, the value of non-residential investment in building construction edged up $49.0 million to $7.1 billion. Increases in the industrial (+3.5%) and commercial (+0.1%) components were moderated by a slight decline in the institutional component (-0.2%).

Investment in the industrial component grew $48.8 million to $1.4 billion in April. Ontario (+$25.8 million), British Columbia (+$16.4 million) and Alberta (+$5.2 million) were the primary contributors to the increase. In total, six provinces and two territories contributed to the growth in this component.

Investment in commercial construction edged up $4.1 million to $3.5 billion in April, led by Alberta (+$10.0 million) and British Columbia (+$3.6 million). The gains in these two provinces were partially offset by declines in Ontario (-$7.9 million) and Quebec (-$1.3 million).

Meanwhile, investment in the institutional component edged down $3.9 million to $2.2 billion in April. Declines in Quebec (-$5.8 million), Manitoba (-$1.6 million) and Nova Scotia (-$1.6 million) were tempered by an increase in Ontario (+$5.3 million).