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Residential construction investment, third quarter 2017

Released: 2017-12-04

Residential construction investment — Canada

$35,840.8 million

Third quarter 2017

9.1% increase

(year-over-year change)

Residential construction investment — N.L.

$398.1 million

Third quarter 2017

0.2% increase

(year-over-year change)

Residential construction investment — P.E.I.

$130.7 million

Third quarter 2017

30.3% increase

(year-over-year change)

Residential construction investment — N.S.

$719.2 million

Third quarter 2017

8.0% increase

(year-over-year change)

Residential construction investment — N.B.

$534.7 million

Third quarter 2017

4.7% increase

(year-over-year change)

Residential construction investment — Que.

$6,955.5 million

Third quarter 2017

11.7% increase

(year-over-year change)

Residential construction investment — Ont.

$14,748.3 million

Third quarter 2017

8.8% increase

(year-over-year change)

Residential construction investment — Man.

$1,081.8 million

Third quarter 2017

15.5% increase

(year-over-year change)

Residential construction investment — Sask.

$937.1 million

Third quarter 2017

0.9% increase

(year-over-year change)

Residential construction investment — Alta.

$4,544.8 million

Third quarter 2017

12.2% increase

(year-over-year change)

Residential construction investment — B.C.

$5,680.0 million

Third quarter 2017

6.2% increase

(year-over-year change)

Residential construction investment — Y.T.

$54.6 million

Third quarter 2017

1.5% increase

(year-over-year change)

Residential construction investment — N.W.T.

$36.2 million

Third quarter 2017

-30.0% decrease

(year-over-year change)

Residential construction investment — Nvt.

$19.8 million

Third quarter 2017

13.4% increase

(year-over-year change)

Investment in residential construction totalled $35.8 billion in the third quarter, up 9.1% compared with the same period in 2016 and the largest increase since the fourth quarter of 2012.

For the first time in five years, residential construction investment rose on a year-over-year basis in every province. Ontario, Quebec and Alberta posted the highest increases in the third quarter.

Renovations up in all provinces

All components contributed to the year-over-year increase, led by spending on renovation, up 8.1% to $15.5 billion, followed by construction of single-family homes, up 11.0% to $8.4 billion.

Spending on renovation was up in every province for the first time since second quarter of 2006 and was the main driver for the increases in both Ontario (+$614.6 million) and Quebec (+$224.8 million).

Renovations drove the increases in every province except Alberta and Prince Edward Island, where spending was led by investment in new single houses. The $495.2 million increase in Alberta was mainly due to single-home construction (+$396.8 million), which accounted for 80.1% of the total year-over-year increase in the province.

Row house construction reaches a record high

At the national level, investment in row house construction reached a record high of $1.6 billion. In the third quarter, row houses represented over half of the total year-over-year increase for multi-unit building construction, despite accounting for just over one-fifth of total spending for multi-unit buildings.


  Note to readers

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

Following the third quarter 2017 release of gross domestic product by income and expenditure, residential construction data from the first quarter of 2014 to the fourth quarter of 2016 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 fourth quarter of 2017 will be released on March 2, 2018.

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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