New Housing Construction: December Up 5.1% Year Over Year
Investment in new housing construction totalled $3.7 billion in December, up 5.1% from the same month a year earlier. The largest year-over-year advance occurred in Alberta, followed by British Columbia and Ontario. In Alberta, total investment in new residential building construction was up 16.7% to $865 million. British Columbia saw an 11.3% increase in spending to $633 million. In Ontario, investment rose 4.0% to $1.2 billion. Conversely, Manitoba posted the largest decline (-18.8% to $96 million).



