Investment in new housing construction, December 2014
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Released: 2015-02-20
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).
At the national level, investment rose in all dwelling types. Single-family dwellings led the increase, with spending up 4.3% from December 2013 to $2.0 billion in December 2014. Row houses followed, with a 12.8% advance to $337 million. Spending in apartment and apartment-condominium building construction was up 3.3% to $1.1 billion, while investment in semi-detached dwellings rose 12.0% to $216 million.
Note to readers
Data on investment in new housing construction (including single-family dwellings, semi-detached dwellings, row housing, apartments and condominiums) are not seasonally adjusted and all comparisons in this release are between December 2013 and December 2014.
Data in CANSIM are available at the national and provincial levels, in both current and constant dollars (base year 2007).
Unless otherwise specified, the highlights refer to current dollars and are ranked in terms of dollar change rather than percentage change.
Estimates for investment in new housing construction are periodically revised when quarterly residential investment data are released.
Contact information
For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca).
To enquire about the concepts, methods or data quality of this release, contact Mariane Bien-Aimé (613-951-7520; mariane.bien-aime@statcan.gc.ca), Investment, Science and Technology Division.
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