Q2 Residential Construction Investment Up 7.7% YOY
Residential construction investment in Canada totalled $33.2 billion in the second quarter, up 7.7% from the same quarter in 2016. Higher investment in every component except cottages contributed to the total quarterly increase. Investment in renovations totalled $15 billion (up 6.6%) and accounted for almost 40% of the year-over-year change at the national level. Investment in single-family dwellings was up 12.9% to $7.4 billion, while acquisition costs related to new dwellings rose 8.2% to $3.7 billion.



