Investment in new housing construction, June 2015
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Investment in new housing construction rose 3.1% to $4.1 billion in June compared with the same month in 2014.
The increase at the national level was mainly due to higher investment in apartment and apartment-condominium building construction, which advanced 12.8% to $1.3 billion. Spending in row house construction also contributed to the gain in June, rising 4.2% to $385 million.
In contrast, spending in semi-detached dwelling construction decreased 9.4% to $223 million. Investment in single-family dwellings edged down 0.9% to $2.1 billion.
Provincially, Ontario, British Columbia, Alberta and Nova Scotia recorded year-over-year increases.
In Ontario, investment in new residential construction increased 10.1% to $1.4 billion, mostly as a result of higher spending in single-family dwellings as well as apartment and apartment-condominium buildings.
In British Columbia, spending in new housing construction rose 17.0% to $715 million. The increase came from all dwelling types, particularly apartment and apartment-condominium buildings and single-family houses.
In Alberta, investment grew at a slower pace, up 2.0% to $916 million. Advances in apartment and apartment-condominium buildings, row houses and semi-detached dwellings offset a 10.4% decline in single-family dwellings.
In Nova Scotia, investment advanced 34.7% to $54 million, as a result of increased investment in apartment and apartment-condominium building construction.
Quebec, Saskatchewan and Manitoba recorded the largest declines among the remaining provinces.
In Quebec, investment in new housing construction fell 8.6% to $656 million. The decline came from lower investment in all types of dwellings, but mainly single-family houses and apartment and apartment-condominium buildings.
In Saskatchewan, construction spending decreased 26.3% to $116 million, mostly as a result of lower spending in single-family dwelling construction.
In Manitoba, spending in new residential construction declined 20.1% to $99 million, also the result of lower investment in single-family homes.
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 June 2014 and June 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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