Investment in new housing construction, April 2015
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Investment in new housing construction rose 2.3% to $3.9 billion in April compared with the same month in 2014.
Higher investment in apartment and apartment-condominium building construction was responsible for most of the national advance, rising 7.9% to $1.3 billion.
Increased spending in row house construction (+5.9% to $383 million) and semi-detached dwelling construction (+3.2% to $229 million) also contributed to the advance.
Single-family dwellings were the lone component to register a decline in construction spending, down 1.8% to $2.0 billion.
Increases on a year-over-year basis were registered in four provinces, led by British Columbia, followed by Ontario, Alberta and Nova Scotia.
In British Columbia, total investment in new residential construction rose 18.2% to $739 million. In Ontario, investment increased 7.0% to $1.3 billion, while in Alberta, spending was up 8.3% to $1.0 billion. In Nova Scotia, spending grew 9.6% to $47 million.
In contrast, Quebec recorded the largest decline, followed by Saskatchewan and Manitoba.
In Quebec, total spending fell 19.8% to $527 million. Lower investment in single-family dwellings was responsible for much of the decline, down 34.6% to $173 million.
In Saskatchewan, total investment declined 20.1% to $116 million and in Manitoba, total spending fell 14.1% to $105 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 April 2014 and April 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.
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