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Investment in new housing construction, July 2017

Released: 2017-09-21

Investment in new housing construction — Canada

$4,857.1 million

July 2017

6.4% increase

(12-month change)

Investment in new housing construction — N.L.

$22.3 million

July 2017

-20.8% decrease

(12-month change)

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

$15.2 million

July 2017

55.4% increase

(12-month change)

Investment in new housing construction — N.S.

$69.3 million

July 2017

13.6% increase

(12-month change)

Investment in new housing construction — N.B.

$33.1 million

July 2017

9.9% increase

(12-month change)

Investment in new housing construction — Que.

$755.5 million

July 2017

8.6% increase

(12-month change)

Investment in new housing construction — Ont.

$1,930.2 million

July 2017

1.2% increase

(12-month change)

Investment in new housing construction — Man.

$145.1 million

July 2017

33.8% increase

(12-month change)

Investment in new housing construction — Sask.

$98.6 million

July 2017

-5.6% decrease

(12-month change)

Investment in new housing construction — Alta.

$761.5 million

July 2017

20.3% increase

(12-month change)

Investment in new housing construction — B.C.

$1,015.3 million

July 2017

3.9% increase

(12-month change)

Investment in new housing construction — Y.T.

$7.0 million

July 2017

11.3% increase

(12-month change)

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

$2.3 million

July 2017

-45.2% decrease

(12-month change)

Investment in new housing construction — Nvt.

$1.8 million

July 2017

41.7% increase

(12-month change)

Investment in new housing construction totalled $4.9 billion in July, up 6.4% compared to July 2016. Eight provinces posted increases of investment in new housing construction, led by Alberta and Quebec.

Nationally, investment was up for all dwelling types on a year-over-year basis. The $149.0 million increase of investment in single-family dwellings was the largest contributor, representing just over half (51.3%) of the national increase in July.

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

The $128.5 million increase in spending in Alberta accounted for 44.2% of the national increase in new housing construction expenses. This gain stemmed mostly from higher spending on single house constructions in the province, which rose by $115.1 million compared to July 2016.

Quebec recorded the second largest gain in new housing construction investment driven by a $65.5 million increase in investment in new apartment building construction. Partially offsetting this increase was a $17.5 million year-over-year decline in the investment in single house construction. According to the latest census data, Quebec has the highest ratio of one-person households, which may be a contributing factor to that province's high level of investment in new apartments.

Manitoba and Prince Edward Island were the only provinces which posted increases to investment across all types of dwellings.

Newfoundland and Labrador posted a decline of $5.9 million (-20.8%), while Saskatchewan posted a decline of $5.8 million (-5.6%) in new housing construction investment.



  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 July 2016 and July 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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