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Residential construction investment, second quarter 2017

Released: 2017-09-01

Residential construction investment — Canada

$33,167.8 million

Second quarter 2017

7.7% increase

(year-over-year change)

Residential construction investment — N.L.

$354.8 million

Second quarter 2017

-9.3% decrease

(year-over-year change)

Residential construction investment — P.E.I.

$92.9 million

Second quarter 2017

31.6% increase

(year-over-year change)

Residential construction investment — N.S.

$600.5 million

Second quarter 2017

12.9% increase

(year-over-year change)

Residential construction investment — N.B.

$417.3 million

Second quarter 2017

-2.0% decrease

(year-over-year change)

Residential construction investment — Que.

$6,769.2 million

Second quarter 2017

5.2% increase

(year-over-year change)

Residential construction investment — Ont.

$13,262.2 million

Second quarter 2017

10.2% increase

(year-over-year change)

Residential construction investment — Man.

$1,009.3 million

Second quarter 2017

18.6% increase

(year-over-year change)

Residential construction investment — Sask.

$873.7 million

Second quarter 2017

2.2% increase

(year-over-year change)

Residential construction investment — Alta.

$4,271.6 million

Second quarter 2017

5.1% increase

(year-over-year change)

Residential construction investment — B.C.

$5,449.0 million

Second quarter 2017

7.9% increase

(year-over-year change)

Residential construction investment — Y.T.

$43.6 million

Second quarter 2017

12.2% increase

(year-over-year change)

Residential construction investment — N.W.T.

$19.8 million

Second quarter 2017

-19.7% decrease

(year-over-year change)

Residential construction investment — Nvt.

$4.1 million

Second quarter 2017

-75.4% decrease

(year-over-year change)

Residential construction investment in Canada totalled $33.2 billion in the second quarter, up 7.7% from the same quarter in 2016.

Higher investment in every component except cottages contributed to the total quarterly increase. Investment in renovations totalled $15 billion (up 6.6%) and accounted for almost 40% of the year-over-year change at the national level.

Investment in single-family dwellings was up 12.9% to $7.4 billion, while acquisition costs related to new dwellings rose 8.2% to $3.7 billion.

Provincial highlights

Investment in residential construction rose year over year in eight provinces in the second quarter. Ontario (up $1.2 billion) posted the largest gain, accounting for more than half (52.0%) of the total national increase. Investment also rose in British Columbia (up 7.9% or by $400 million), while Newfoundland and Labrador (down 9.3% or by $36.3 million) and New Brunswick (down 2.0% or by $8.5 million) reported declines.

Ontario (up by $580.3 million) posted the largest quarterly increase in spending on renovations, followed by Alberta (+$168.0 million).

In British Columbia, the gain was mostly due to additional spending on apartment buildings construction (+$136.5 million).

Alberta reported its second consecutive year-over-year gain in residential construction investment, up 5.1% to $4.3 billion. This gain was largely due to higher spending on single-family homes and renovations.


  Note to readers

Data on residential construction investment are not seasonally adjusted and most comparisons in this release are between the second quarter of 2016 and the second quarter of 2017. Data are expressed in current dollars and are available at national and provincial levels.

With this release, data for the first quarter of 2017 have been revised. Unless otherwise stated, the highlights are ranked in terms of dollar change rather than percentage change.

Next release

Data on residential construction investment for the third quarter will be released on December 4.

Contact information

For more information, 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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