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Investment in new housing construction, August 2017

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Released: 2017-10-20

Investment in new housing construction — Canada

$5,041.2 million

August 2017

5.8% increase

(12-month change)

Investment in new housing construction — N.L.

$25.2 million

August 2017

-25.3% decrease

(12-month change)

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

$14.5 million

August 2017

31.0% increase

(12-month change)

Investment in new housing construction — N.S.

$72.5 million

August 2017

17.4% increase

(12-month change)

Investment in new housing construction — N.B.

$32.2 million

August 2017

-1.4% decrease

(12-month change)

Investment in new housing construction — Que.

$693.3 million

August 2017

7.2% increase

(12-month change)

Investment in new housing construction — Ont.

$2,034.6 million

August 2017

1.3% increase

(12-month change)

Investment in new housing construction — Man.

$139.7 million

August 2017

24.1% increase

(12-month change)

Investment in new housing construction — Sask.

$106.7 million

August 2017

-8.1% decrease

(12-month change)

Investment in new housing construction — Alta.

$806.2 million

August 2017

25.3% increase

(12-month change)

Investment in new housing construction — B.C.

$1,104.3 million

August 2017

2.0% increase

(12-month change)

Investment in new housing construction — Y.T.

$7.3 million

August 2017

-10.7% decrease

(12-month change)

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

$2.4 million

August 2017

-48.3% decrease

(12-month change)

Investment in new housing construction — Nvt.

$2.4 million

August 2017

112.6% increase

(12-month change)

New housing construction investment rose 5.8% from August 2016 to $5.0 billion in August, with gains reported for all building types.

Despite year-over-year declines in six provinces, single-family homes still led investment in new housing construction with total investment of $2.5 billion. Quebec (-$37.3 million) and Ontario (-$34.1 million) posted the largest declines for single-family homes, while Alberta (+$133.0 million) reported a seventh consecutive year-over-year increase.

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

The gap between investment in multiple-dwelling buildings (doubles, row homes and apartments) and single-family homes is continuously shrinking. In August 2007, investment in single-family homes almost doubled total investment in multiple-dwelling buildings. A decade later, in 2017, the difference was only 1.2%. During this 10-year period, the gap between investment in single homes and multiple-dwelling buildings narrowed in every province except New Brunswick.

Quebec posted the most significant change, with investment in single-family homes surpassing that of multiple-dwelling buildings in 2007, whereas in August 2017, the value for multiple-family dwellings ($462.8 million) more than doubled that of single-family homes ($230.5 million). This change in Quebec was driven by investment in apartment building construction.

Apartment building construction rose 5.2% from August 2016 to $1.7 billion in August. Seven provinces reported increased investment in apartment building construction, led by Quebec (+$72.0 million).

Investment in row homes posted the largest year-over-year increase (+$99.9 million) among all building types, bringing total spending for this building type to its highest value ($541.1 million) since January 1992, the year Statistics Canada started to produce data on investment in new housing construction.

Seven provinces reported year-over-year investment growth, with the largest upswing in Alberta. Manitoba and Prince Edward Island were the only two provinces with a year-over-year increase for all building types.



  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 August 2016 and August 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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