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Investment in new housing construction, February 2015

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Released: 2015-04-21

Investment in new housing construction increased 2.4% to $3.5 billion in February compared with the same month in 2014.

The increase came mainly from higher spending on row house and apartment building construction. Investment in row house construction rose 9.1% to $348 million, while spending on apartment and apartment-condominium buildings advanced 2.2% to $1.1 billion.

Spending on semi-detached dwellings (+11.2% to $194 million) also contributed to the national advance. Investment in single-family dwellings edged up 0.5% to $1.8 billion.

At the provincial level, Alberta, British Columbia and Ontario posted the largest year-over-year advances.

In Alberta, total investment in new dwellings increased 13.4% to $902 million. In British Columbia, spending was up 10.4% to $622 million, while in Ontario, investment rose 1.7% to $1.2 billion.

In contrast, the largest decrease occurred in Quebec, followed by Saskatchewan and Newfoundland and Labrador. In Quebec, spending on new residential building construction was down 10.7% to $468 million. In Saskatchewan, investment declined 10.7% to $123 million and in Newfoundland and Labrador, investment was down 25.8% to $40 million.

  Note to readers

Data on investment in new housing construction (including single-family dwellings, semi-detached dwellings, row housing, apartments and condominiums) are not seasonally adjusted and all comparisons in this release are between February 2014 and February 2015.

Data in CANSIM are available at the national and provincial levels, in both current and constant dollars (base year 2007).

Unless otherwise specified, the highlights refer to current dollars and are ranked in terms of dollar change rather than percentage change.

Estimates for investment in new housing construction are periodically revised when quarterly residential investment data are released.

Contact information

For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca).

To enquire about the concepts, methods or data quality of this release, contact Mariane Bien-Aimé (613-951-7520; mariane.bien-aime@statcan.gc.ca), Investment, Science and Technology Division.

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