Investment in new housing construction, October 2014
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Investment in new housing construction rose 5.1% to $4.5 billion in October compared with the same month in 2013.
Alberta recorded the largest year-over-year increase, with investment up 23.0% to $1.1 billion, followed by British Columbia, up 10.9% to $745 million, and Ontario, up 4.8% to $1.5 billion. Conversely, Quebec posted the biggest decline in investment, down 8.0% to $629 million.
At the national level, investment was up year over year for all building types. Single-family dwellings led the increase, with investment rising 3.5% to $2.4 billion, followed by apartment and apartment-condominium buildings, up 4.5% to $1.4 billion, and row houses, up 15.4% to $433 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 October 2013 and October 2014.
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.
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