Net capital stock totalled $7.4 trillion in 2023, consisting of $3.4 trillion in non-residential assets, such as machinery and engineering structures, and $4.0 trillion in residential structures. The net capital stock declined 0.2 percentage points in 2023, mainly due to a deceleration in residential investment. The growth of non-residential capital stock was concentrated in the education services, professional, scientific and technical services, and transportation and warehousing sectors.
Expressed in volume terms, Canada's capital stock increased 1.6% in 2023, a slower rise than in 2022. Most provinces and territories recorded increased capital stocks in 2023, with the exception of Newfoundland and Labrador (-0.1%) and the Northwest Territories (-2.5%), where the total capital stock decreased in volume terms.
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