Released: 2025-04-22
Overall, investment in building construction rose 1.5% (+$331.7 million) to $22.4 billion in February, with gains being recorded across all components. The residential sector increased 1.8% to $15.7 billion, while the non-residential sector was up 0.8% to $6.8 billion. Year over year, investment in building construction grew 8.9% in February.
On a constant dollar basis (2017=100), investment in building construction increased 1.2% from the previous month to $13.4 billion in February and was up 5.6% 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 leads residential sector increase
Investment in residential building construction increased $277.5 million to $15.7 billion in February.
Investment in multi-unit construction rose $241.5 million to $8.4 billion in February, largely attributable to gains in Ontario (+$357.8 million) and British Columbia (+$53.1 million). Meanwhile, Alberta (-$62.7 million) and Nova Scotia (-$41.5 million) led the declines, along with four other provinces and three territories.
Single-family home investment was up $36.0 million to $7.3 billion in February. Gains in Quebec (+$48.2 million) and four other provinces were mitigated by decreases recorded in the remaining provinces and territories.
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.
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.
Notes: 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.
Institutional component drives non-residential gains
Investment in non-residential construction increased $54.2 million to $6.8 billion in February, with gains being spread across its three components: institutional (+$26.7 million), commercial (+$15.1 million) and industrial (+$12.4 million).
Investment in the institutional component grew $26.7 million to $2.0 billion in February, marking the eighth consecutive monthly increase. The growth was driven by Ontario (+$18.7 million) and supported by gains in eight other provinces and two territories. Of the two provinces and one territory that recorded declines, Quebec (-$9.4 million) had the largest decrease.
Commercial construction investment was up $15.1 million to $3.3 billion in February. Gains in Ontario (+$16.4 million) and New Brunswick (+$7.7 million) were slightly offset by declines in Quebec (-$8.6 million) and British Columbia (-$7.1 million).
The industrial component rose $12.4 million to $1.5 billion in February. Growth was recorded in seven provinces and two territories, with Ontario (+$7.2 million) leading the way.
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 for Canada increased 0.8% in February compared with January 2025. Newfoundland and Labrador was up 2.2%, Prince Edward Island was down 1.9%, Nova Scotia was up 4.2%, New Brunswick was up 9.9%, Quebec was down 1.2%, Ontario was up 1.4%, Manitoba was up 2.4%, Saskatchewan was up 1.7%, Alberta was up 1.7%, British Columbia was down 1.0%, Yukon was up 9.7%, Northwest Territories was down 10.6% and Nunavut was down 0.6%.
Table 1: Total investment, millions of dollars (seasonally adjusted).
Total investment for Canada was $6,766.0 million, total investment for Newfoundland and Labrador was $27.8 million, total investment for Prince Edward Island was $28.9 million, total investment for Nova Scotia was $109.2 million, total investment for New Brunswick was $105.6 million, total investment for Quebec was $1,260.3 million, total investment for Ontario was $3,008.1 million, total investment for Manitoba was $259.5 million, total investment for Saskatchewan was $163.8 million, total investment for Alberta was $763.2 million, total investment for British Columbia was $1,001.6 million, total investment for Yukon was $21.1 million, total investment for Northwest Territories was $3.0 million and total investment for Nunavut was $13.8 million.
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 $1,498.9 million, representing a year-over-year increase of 8.7% or $119.7 million.
Commercial: Market share was 48.3% and total investment totalled $3,270.2 million, representing a year-over-year increase of 2.5% or $80.0 million.
Institutional: Market share was 29.5% and total investment totalled $1,996.9 million, representing a year-over-year increase of 13.4% or $236.7 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, January 2025.
Next release: May 26, 2025.
Contact information
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