Strong residential construction was the main source of the growth for the total capital stock in 2021. Continued lower investment weakened non-residential stock, mainly in the mining, quarrying, and oil and gas extraction sector.
In 2021, the total capital stock continued to fall in volume terms in the natural resources' rich provinces and territories: Newfoundland and Labrador (-1.2%), in Saskatchewan (-0.4%), in Alberta (-0.6%), in the Northwest Territories (-4.3%), and in Nunavut (-0.3%).
In volume terms, Canada's total capital stock increased 1.8% in 2021 compared with 1.4% a year earlier. In 2021, the gap between residential and non-residential capital stock increased. Canadian net capital stock totalled $6.3 trillion, with $2.9 trillion in non-residential capital stock, such as machinery and engineering, whereas the residential capital stock stood at $3.4 trillion.
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