Investment in New Housing Rose 7.2% in June YOY
Investment in new housing construction rose 7.2% from June 2016 to $4.7 billion in June. The increase resulted mostly from higher investment in single family dwellings (+$257.9 million). All but one province saw an increase in new housing investment. The largest increase was in Quebec (+$82.6 million), followed by Alberta (+$72.5 million) and British Columbia (+$57.4 million). Newfoundland and Labrador posted a decrease of $7.4 million (-26.2%) compared to June 2016.



