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Investment in new housing construction, May 2017

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Released: 2017-07-21

Investment in new housing construction — Canada

$4,404.0 million

May 2017

4.1% increase

(12-month change)

Investment in new housing construction — N.L.

$16.6 million

May 2017

-38.3% decrease

(12-month change)

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

$10.2 million

May 2017

34.7% increase

(12-month change)

Investment in new housing construction — N.S.

$62.2 million

May 2017

18.3% increase

(12-month change)

Investment in new housing construction — N.B.

$20.0 million

May 2017

-14.3% decrease

(12-month change)

Investment in new housing construction — Que.

$591.5 million

May 2017

-11.2% decrease

(12-month change)

Investment in new housing construction — Ont.

$1,772.0 million

May 2017

7.1% increase

(12-month change)

Investment in new housing construction — Man.

$144.6 million

May 2017

36.9% increase

(12-month change)

Investment in new housing construction — Sask.

$86.8 million

May 2017

-4.4% decrease

(12-month change)

Investment in new housing construction — Alta.

$696.8 million

May 2017

4.7% increase

(12-month change)

Investment in new housing construction — B.C.

$994.9 million

May 2017

7.3% increase

(12-month change)

Investment in new housing construction — Y.T.

$5.2 million

May 2017

-2.6% decrease

(12-month change)

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

$2.5 million

May 2017

-39.4% decrease

(12-month change)

Investment in new housing construction — Nvt.

$0.7 million

May 2017

-39.8% decrease

(12-month change)

New housing construction investment totalled $4.4 billion in May, up 4.1% from May 2016. This increase was mostly explained by higher investment in Ontario and, to a lesser extent, in British Columbia and Manitoba. Of the four provinces that posted a decline, Quebec's decrease was the largest.

The 11.2% drop in Quebec was due primarily to a strike in the construction industry in the last week of the month. All types of housing construction declined in this province except row housing, which saw a slight increase.

In Ontario, new housing construction investment totalled $1.8 billion in May, a 7.1% year-over-year increase. This gain was largely attributable to higher spending on single-family dwellings (+$81.5 million). However, apartment construction spending in the province fell by $14.4 million.

Spending in British Columbia totalled $995.0 million, up 7.3% year over year. This increase was attributable to higher construction investment in apartments (+$69.2 million) and, to a lesser extent, row houses (+$7.1 million).

In Manitoba, new housing construction investment rose 36.9% year over year to $144.6 million. This growth was led by higher investment in single-family dwellings. Manitoba was the lone province to post increases for all types of dwellings.

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

Increases for all types of dwellings

Nationally, construction spending increased for all types of dwellings. Increased investment in single-family dwellings (+$77.6 million) accounted for 44.6% of the national gain.

Higher investment in apartment buildings was still mostly attributable to spending in British Columbia. The largest decreases for this type of dwelling were in Alberta and Ontario.



  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 May 2016 and May 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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