Investment in new housing construction, December 2015
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Released: 2016-02-22
Spending on new residential building construction totalled $3.9 billion in December, up 4.8% from the same month a year earlier.
Chart 1
Investment in new housing construction, by type of dwelling
The increase at the national level came mainly from higher investment in apartment and apartment-condominium building construction, up 23.9% year over year to $1.4 billion. Spending on row house construction also contributed to the advance, up 3.4% to $348 million.
Conversely, investment in single-family dwellings fell 3.4% year over year to $2.0 billion. Spending on semi-detached dwelling construction declined 16.2% to $181 million.
At the provincial level, Ontario, British Columbia and Quebec reported the largest increases.
In Ontario, spending on new residential construction rose 23.1% compared with December 2014 to $1.5 billion in December. Higher investment in the construction of single-family dwellings as well as apartment and apartment-condominium buildings largely explained the advance.
In British Columbia, investment in new residential construction increased 12.6% from the same month a year earlier to $713 million in December. The gain was attributable to higher spending on apartment and apartment-condominium buildings, single-family dwellings and row houses.
In Quebec, investment grew 3.1% year over year to $611 million. Increased spending on apartment and apartment-condominium building construction more than offset lower investment in single-family housing, semi-detached dwellings and row houses.
In contrast, Alberta registered the largest decline in spending on new housing construction in December, followed by Saskatchewan and Manitoba.
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 2014 and December 2015.
Data in CANSIM are available at the national and provincial–territorial 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.
Contact information
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