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Investment in new housing construction, April 2017

Released: 2017-06-21

Investment in new housing construction — Canada

$4,645.4 million

April 2017

8.4% increase

(12-month change)

Investment in new housing construction — N.L.

$20.3 million

April 2017

-27.9% decrease

(12-month change)

Investment in new housing construction — P.E.I.

$9.7 million

April 2017

72.7% increase

(12-month change)

Investment in new housing construction — N.S.

$70.9 million

April 2017

27.4% increase

(12-month change)

Investment in new housing construction — N.B.

$19.4 million

April 2017

11.5% increase

(12-month change)

Investment in new housing construction — Que.

$642.1 million

April 2017

3.4% increase

(12-month change)

Investment in new housing construction — Ont.

$1,923.3 million

April 2017

15.1% increase

(12-month change)

Investment in new housing construction — Man.

$143.3 million

April 2017

38.7% increase

(12-month change)

Investment in new housing construction — Sask.

$93.6 million

April 2017

0.5% increase

(12-month change)

Investment in new housing construction — Alta.

$717.9 million

April 2017

-3.6% decrease

(12-month change)

Investment in new housing construction — B.C.

$997.2 million

April 2017

6.1% increase

(12-month change)

Investment in new housing construction — Y.T.

$3.8 million

April 2017

4.5% increase

(12-month change)

Investment in new housing construction — N.W.T.

$3.3 million

April 2017

109.9% increase

(12-month change)

Investment in new housing construction — Nvt.

$0.6 million

April 2017

-46.8% decrease

(12-month change)

New housing construction investment totalled $4.6 billion in April, up 8.4% compared with April 2016. Eight provinces posted gains, led by Ontario.

Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted higher investments in single-family dwelling construction. Ontario was well ahead of the other provinces, with $203.7 million in increased spending, a 22.9% increase over April 2016.

Investment in apartment building construction rose 1.9% in April, mainly attributable to higher spending in British Columbia (+$61.4 million), followed by Quebec (+$29.5 million). The biggest declines for this type of dwelling were in Alberta (-$58.2 million) and Ontario (-$14.1 million).

Year over year, investment in new row housing construction continued to increase in most provinces in April. Only Alberta (-$18.4 million) and Nova Scotia (-$0.5 million) posted declines.

Spending on semi-detached dwelling construction increased in seven provinces in April, up 13.2% from April 2016 to $218.1 million. Alberta posted the largest year-over-year increase (+$12.9 million). Spending on semi-detached dwelling construction edged down in British Columbia, Quebec and Manitoba.

Chart 1  Chart 1: Investment in new housing construction, by type of dwelling
Investment in new housing construction, by type of dwelling

Provincially, the biggest year-over-year increases were recorded in Ontario and, to a lesser degree, British Columbia and Manitoba.

In Ontario, new residential construction investment rose 15.1% to $1.9 billion. Spending was up for all dwelling types except apartment buildings, which fell 2.8%.

New housing construction investment in British Columbia rose 6.1% year over year to $997.2 million. This gain was mainly attributable to increased spending on apartment building construction, as spending for this type of dwelling represents 45.6% of total spending on new housing construction in the province.

In Manitoba, investment in new housing construction totalled $143.3 million, up 38.7% compared with April 2016. This gain was primarily attributable to increased investment in single-family dwelling construction (+$27.7 million) and, to a lesser extent, apartment building construction (+$9.4 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 April 2016 and April 2017.

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

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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