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Investment in new housing construction, September 2017

Released: 2017-11-21

Investment in new housing construction — Canada

$5,513.5 million

September 2017

8.9% increase

(12-month change)

Investment in new housing construction — N.L.

$30.8 million

September 2017

-12.2% decrease

(12-month change)

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

$20.2 million

September 2017

44.0% increase

(12-month change)

Investment in new housing construction — N.S.

$75.9 million

September 2017

17.7% increase

(12-month change)

Investment in new housing construction — N.B.

$41.3 million

September 2017

15.6% increase

(12-month change)

Investment in new housing construction — Que.

$832.2 million

September 2017

14.0% increase

(12-month change)

Investment in new housing construction — Ont.

$2,243.7 million

September 2017

6.0% increase

(12-month change)

Investment in new housing construction — Man.

$157.4 million

September 2017

36.1% increase

(12-month change)

Investment in new housing construction — Sask.

$122.6 million

September 2017

-3.0% decrease

(12-month change)

Investment in new housing construction — Alta.

$834.7 million

September 2017

22.7% increase

(12-month change)

Investment in new housing construction — B.C.

$1,142.2 million

September 2017

0.9% increase

(12-month change)

Investment in new housing construction — Y.T.

$7.4 million

September 2017

-15.3% decrease

(12-month change)

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

$2.3 million

September 2017

-44.5% decrease

(12-month change)

Investment in new housing construction — Nvt.

$2.7 million

September 2017

106.2% increase

(12-month change)

New housing construction investment totalled $5.5 billion in September, up 8.9% compared to September 2016.

Increases in new housing investment were reported in eight provinces, with the largest gains in Alberta (+$154.3 million), Ontario (+$126.5 million) and Quebec (+$102.4 million). At the national level, Ontario ($2.2 billion), accounted for 40.7% of total investment, followed by British Columbia (20.7%), Alberta and Quebec (both at 15.1%). Quebec and New Brunswick were the only provinces that posted a year-over-year investment increase for all building types.

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

Investment in new housing construction was driven mainly by a $268.6 million increase in spending on single-family homes compared with September 2016. Investment in this component rose in eight provinces, led by Alberta (+$132.4 million).

Apartment building investment rose $38.0 million (+2.1%) compared with September 2016. Spending on apartment buildings was up in six provinces, led by Quebec (+$74.9 million). On the other hand, Ontario (-$31.7 million) declined on a year-over-year basis for a seventh consecutive month.

Investment in row unit construction rose 21.4% compared with September 2016, to $587.7 million. Seven provinces reported increased investment in this category, led by Ontario (+$82.8 million). The $103.6 million increase in row units accounted for nearly one-quarter of the total gain in new housing construction spending, despite only representing about 10% of total investment for all types of building.



  Note to readers

Data on investment in new housing construction (including single-family housing, semi-detached housing, row housing, apartments and condominiums) are not seasonally adjusted, and all comparisons in this release are between September 2016 and September 2017.

Data in CANSIM are available at the national and provincial–territorial levels in both current and constant dollars (base year 2007).

Revised data for May through August are now available with this release. The revision was applied in order to reflect the one week strike that occurred in the province of Quebec in May 2017. The adjustment applied to the month of May has been redistributed over the following four months (June, July, August and September).

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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