Investment in new housing construction, November 2017
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Released: 2018-01-22
$5,016.5 million
November 2017
7.9% 
(12-month change)
$25.4 million
November 2017
-16.4% 
(12-month change)
$18.1 million
November 2017
48.8%
(12-month change)
$62.3 million
November 2017
-6.9%
(12-month change)
$35.3 million
November 2017
1.8%
(12-month change)
$776.6 million
November 2017
14.3%
(12-month change)
$2,032.6 million
November 2017
5.2%
(12-month change)
$123.2 million
November 2017
16.8%
(12-month change)
$98.7 million
November 2017
-9.6%
(12-month change)
$728.3 million
November 2017
16.9%
(12-month change)
$1,105.9 million
November 2017
6.0%
(12-month change)
$5.4 million
November 2017
-22.6%
(12-month change)
$1.9 million
November 2017
-61.3%
(12-month change)
$2.7 million
November 2017
-4.3%
(12-month change)
New housing construction investment rose 7.9% from November 2016 to $5.0 billion in November, mostly attributable to increased construction investment in apartment buildings (+$282.1 million).
For the first time since September 2011, every province reported higher spending on apartment building construction. Quebec led the way, with a year-over-year increase of $165.3 million.
Decreased investment in single-family house construction
Nationally, investment in new housing construction grew year over year in November for every type of housing except single-family houses, where investment fell by $86.0 million (-3.5%). The decline was mainly attributable to lower spending on single-family house construction in Ontario (-$73.3 million) and Quebec (-$66.9 million).
Alberta stood out with a $77.0 million increase in single-family house construction, accounting for nearly three-quarters (73.1%) of the total increase in spending on new house construction in the province. Spending on new housing construction in Alberta increased year over year for all components for the first time since April 2015.
Chart 1
Investment in new housing construction, by type of dwelling
Other provincial highlights
New housing construction investment rose in seven provinces in November. The largest increase was in Alberta (+$105.3 million), followed closely by Ontario (+$101.0 million) and Quebec (+$97.3 million). Saskatchewan posted the largest decline (-$10.5 million or -9.6%) compared with November 2016.
New housing construction investment increased for all types of housing in four provinces: Alberta, British Columbia, Manitoba and Prince Edward Island.
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 November 2016 and November 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 January 2014 through December 2016 are now available with this release.
Unless otherwise specified, the highlights refer to current dollars and are ranked in terms of dollar change rather than percentage change.
Contact information
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