Overall, investment in building construction rose 1.8% (+$393.7 million) to $22.1 billion in January. The residential sector increased 2.3% to $15.4 billion, while the non-residential sector was up 0.8% to $6.7 billion. Year over year, investment in building construction grew 5.7% in January.
On a constant dollar basis (2017=100), investment in building construction increased 1.5% from the previous month to $13.2 billion in January and was up 2.5% year over year.
Chart 1: Investment in building construction, seasonally adjusted
Description - Chart 1
Data table: Investment in building construction, seasonally adjusted
Source: Table 34-10-0286-01.
Ontario's multi-unit component leads increase in residential sector
Investment in residential building construction increased $342.0 million to $15.4 billion in January. Gains were seen in four provinces and two territories, driven by Ontario (+$354.8 million; +6.3%), while Manitoba (-$61.6 million; -12.3%) led the decline.
Investment in multi-unit construction was up $497.5 million to $8.2 billion in January. Gains were led by Ontario (+$421.0 million).
Single-family home investment declined $155.5 million to $7.2 billion in January, with declines being recorded in eight provinces and one territory.
Figure 1: Month-to-month change in residential construction investment (seasonally adjusted)
Description - Figure 1
This is a map of Canada by province and territory, showing the month-to-month percentage changes for investment in residential building construction. Green arrows pointing upward represent an increase, while red arrows pointing downward represent a decrease.
Investment in residential construction for Canada increased 2.3% in January compared with December 2024. Newfoundland and Labrador was down 1.3%, Prince Edward Island was up 8.6%, Nova Scotia was up 8.1%, New Brunswick was up 0.3%, Quebec was down 0.2%, Ontario was up 6.3%, Manitoba was down 12.3%, Saskatchewan was down 0.2%, Alberta was down 0.8%, British Columbia was down 1.5%, Yukon was down 21.0%, Northwest Territories was up 4.5% and Nunavut was up 64.1%.
Table 1: Total investment, millions of dollars (seasonally adjusted).
Total investment for Canada was $15,353.9 million, total investment for Newfoundland and Labrador was $93.8 million, total investment for Prince Edward Island was $99.2 million, total investment for Nova Scotia was $493.8 million, total investment for New Brunswick was $280.0 million, total investment for Quebec was $3,290.5 million, total investment for Ontario was $6,024.9 million, total investment for Manitoba was $438.0 million, total investment for Saskatchewan was $370.9 million, total investment for Alberta was $1,889.7 million, total investment for British Columbia was $2,140.9 million, total investment for Yukon was $37.6 million, total investment for Northwest Territories was $11.7 million and total investment for Nunavut was $183.0 million.
Note: Single homes value excludes cottages and mobile homes.
Source: Table 34-10-0286-01.
Figure 2: Investment in residential construction, market share and year-over-year change (seasonally adjusted)
Description - Figure 2
Single homes: Market share was 31.6% and total investment totalled $2,243.9 million, representing a year-over-year increase of 7.3% or $151.7 million.
Semi-detached homes: Market share was 2.8% and total investment totalled $202.0 million, representing a year-over-year increase of 24.1% or $39.3 million.
Row homes: Market share was 9.2% and total investment totalled $649.1 million, representing a year-over-year increase of 3.6% or $22.4 million.
Condos and rental apartments: Market share was 56.4% and total investment totalled $3,998.7 million, representing a year-over-year increase of 3.7% or $142.0 million.
Note: Single homes value excludes cottages and mobile homes.
Source: Table 34-10-0286-01.
Chart 2: Investment in residential building construction, seasonally adjusted
Description - Chart 2
Data table: Investment in residential building construction, seasonally adjusted
Source: Table 34-10-0286-01.
Non-residential investment continues to reach record highs
Investment in non-residential construction increased $51.7 million to $6.7 billion in January. This marked the sixth consecutive monthly increase. Much of the recent growth stemmed from the institutional and industrial components, which both reached a record high in January.
The institutional component rose $38.8 million to $2.0 billion in January. Gains were recorded in six provinces and three territories, led by Ontario (+$18.3 million) and British Columbia (+$11.5 million). Quebec (-$6.1 million) partially offset these gains, as it recorded its 10th consecutive monthly decrease.
Investment in the industrial component increased $22.5 million to $1.5 billion in January, driven by Ontario (+$15.2 million) and Alberta (+$5.1 million).
Meanwhile, the commercial component decreased $9.5 million to $3.3 billion in January following five consecutive monthly increases. Declines in six provinces and two territories were tempered by growth in Ontario (+$16.3 million).
Figure 3: Month-to-month change in non-residential construction investment (seasonally adjusted)
Description - Figure 3
This is a map of Canada by province and territory, showing the month-to-month percentage changes for investment in non-residential building construction. Green arrows pointing upward represent an increase, while red arrows pointing downward represent a decrease.
Investment in non-residential construction for Canada increased 0.8% in January compared with December 2024. Newfoundland and Labrador was down 1.1%, Prince Edward Island was up 0.9%, Nova Scotia was down 2.0%, New Brunswick was up 1.6%, Quebec was down 1.0%, Ontario was up 1.7%, Manitoba was up 2.3%, Saskatchewan was up 1.7%, Alberta was up 0.5%, British Columbia was down 0.0%, Yukon was up 19.3%, Northwest Territories was down 4.9% and Nunavut was up 6.6%.
Table 1: Total investment, millions of dollars (seasonally adjusted).
Total investment for Canada was $6,716.9 million, total investment for Newfoundland and Labrador was $27.2 million, total investment for Prince Edward Island was $29.4 million, total investment for Nova Scotia was $104.6 million, total investment for New Brunswick was $95.6 million, total investment for Quebec was $1,278.1 million, total investment for Ontario was $2,971.0 million, total investment for Manitoba was $252.7 million, total investment for Saskatchewan was $160.9 million, total investment for Alberta was $747.0 million, total investment for British Columbia was $1,013.4 million, total investment for Yukon was $19.5 million, total investment for Northwest Territories was $3.5 million and total investment for Nunavut was $13.9 million.
Source: Table 34-10-0286-01.
Figure 4: Investment in non-residential construction, market share and year-over-year change (seasonally adjusted)
Description - Figure 4
Industrial: Market share was 22.2% and total investment totalled $1,491.6 million, representing a year-over-year increase of 7.6% or $105.8 million.
Commercial: Market share was 48.4% and total investment totalled $3,252.1 million, representing a year-over-year increase of 1.4% or $44.0 million.
Institutional: Market share was 29.4% and total investment totalled $1,973.2 million, representing a year-over-year increase of 13.4% or $233.2 million.
Source: Table 34-10-0286-01.
For more information on construction, please visit the Construction statistics portal.
For more information on housing, please visit the Housing statistics portal.
Note to readers
Table 34-10-0175 has been archived on the Statistics Canada website and will no longer be updated but may still be viewed. The successor table is 34-10-0286, and the information from January 2017 onwards that was in table 34-10-0175 is still available in the new table, except for the constant dollar series, which has been rebased to 2017=100. Constant dollar data for January and February 2017 represent an average between the old base year (2012=100) and the new base year (2017=100) and should be used with caution. The 2017 data series will be backcasted and the figures will be revised with the release of our annual revision.
Data are subject to revisions based on late responses, delayed construction start dates for large projects, methodological changes, classification updates, price index updates for constant dollar series, benchmarking and adjustments to ad hoc macroeconomic events. Unadjusted data have been revised back to January 2023. Seasonally adjusted data have been revised back to January 2017.
Data presented in this release are seasonally adjusted with current dollar values unless otherwise stated. Using seasonally adjusted data allows month-to-month and quarter-to-quarter comparisons by removing the effects of seasonal variations. For information on seasonal adjustment, see Seasonally adjusted data—Frequently asked questions.
Monthly estimates for constant dollars are calculated using quarterly deflators from the Building Construction Price Index (18-10-0276-01). The monthly indexes used for the deflation process were part of a methodology review to increase the quality of the constant dollar and seasonally adjusted series. The indexes previously displayed a step pattern because of less frequent collection.
Detailed data on investment activity by type of building and type of work are now available in the unadjusted current dollar series.
The trade and services subcomponent includes buildings such as retail and wholesale outlets, retail complexes and motor vehicle show rooms. More detailed information can be found on the Integrated Metadatabase at Types of Building Structure - 2.2.1 - Trade and services.
Reference
Data table: 34-10-0286-01.
- Note: some data tables may best be viewed on desktop.
Definitions, data sources and methods: survey number 5014.
Previous release: Investment in building construction, December 2024.
Next release: April 22, 2025.
Contact information
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