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Investment in new housing construction, May 2015

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Released: 2015-07-21

Spending on new housing construction totalled $3.9 billion in May, up 2.0% from the same month a year earlier.

The increase at the national level came mostly from higher investment in apartment and apartment-condominium building construction, up 12.8% to $1.3 billion. Higher spending on row house construction, up 8.6% to $412 million, also contributed to the advance.

Conversely, investment in single-family dwellings fell 4.7% to $1.9 billion. Spending on semi-detached dwelling construction declined 4.9% to $232 million.

At the provincial level, Ontario, British Columbia, Alberta and Nova Scotia reported increases on a year-over-year basis.

In Ontario, construction spending rose 14.6% to $1.4 billion in May. In British Columbia, investment in new residential construction was up 16.2% to $712 million. In Alberta, investment grew 5.1% to $932 million. In Nova Scotia, spending increased 13.0% to $43 million.

In contrast, Quebec registered the largest decrease, followed by Saskatchewan and Manitoba.

In Quebec, investment in new housing construction declined 22.2% to $558 million in May. In Saskatchewan, construction spending fell 27.8% to $105 million. In Manitoba, spending on new residential construction decreased 22.7% to $97 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 May 2014 and May 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 Bechir Oueriemmi (613-951-1165; bechir.oueriemmi@statcan.gc.ca), Investment, Science and Technology Division.

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