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Investment in new housing construction, June 2018

Released: 2018-08-21

Investment in new housing construction — Canada

$5,035.4 million

June 2018

6.3% increase

(12-month change)

Investment in new housing construction — N.L.

$22.3 million

June 2018

7.6% increase

(12-month change)

Investment in new housing construction — P.E.I.

$22.3 million

June 2018

50.9% increase

(12-month change)

Investment in new housing construction — N.S.

$79.3 million

June 2018

12.7% increase

(12-month change)

Investment in new housing construction — N.B.

$31.9 million

June 2018

9.8% increase

(12-month change)

Investment in new housing construction — Que.

$980.0 million

June 2018

26.6% increase

(12-month change)

Investment in new housing construction — Ont.

$1,892.3 million

June 2018

2.5% increase

(12-month change)

Investment in new housing construction — Man.

$144.4 million

June 2018

-3.4% decrease

(12-month change)

Investment in new housing construction — Sask.

$73.8 million

June 2018

-24.3% decrease

(12-month change)

Investment in new housing construction — Alta.

$694.4 million

June 2018

-2.7% decrease

(12-month change)

Investment in new housing construction — B.C.

$1,085.6 million

June 2018

7.5% increase

(12-month change)

Investment in new housing construction — Y.T.

$6.9 million

June 2018

9.7% increase

(12-month change)

Investment in new housing construction — N.W.T.

$1.3 million

June 2018

-48.0% decrease

(12-month change)

Investment in new housing construction — Nvt.

$0.9 million

June 2018

11.4% increase

(12-month change)

Investment in new housing construction increased 6.3% in June compared with the same month a year earlier to $5.0 billion. The year-over-year increase was mainly attributable to higher spending on apartment building construction, while investment in single family homes declined for the fourth consecutive month.

Chart 1  Chart 1: Investment in new housing construction, by type of dwelling
Investment in new housing construction, by type of dwelling

Spending was up in seven provinces, led by Quebec (+$206.0 million), British Columbia (+$76.0 million) and Ontario (+$46.3 million). In all three provinces, the increase was led by investment in apartment building construction.

In Quebec, investment was up for three components; apartments (+$191.5 million), single homes (+$7.8 million) and semi-detached homes (+$6.6 million), while investment in row home construction was largely unchanged compared with June 2017.

Multiple-unit construction was the sole driver behind the growth in British Columbia. For the first time since March 2017, the province reported a year-over-year decrease in spending on single home construction, down 1.4% or $6.1 million compared with June 2017.

Chart 2  Chart 2: Year-over-year change of investment in new housing construction (by dwelling type)
Year-over-year change of investment in new housing construction (by dwelling type)

Ontario reported a notable increase in spending for apartments (+$156.8 million), which was mostly offset by lower spending on single home (-$101.8 million) and row home (-$9.3 million) construction.

In Prince Edward Island, spending was up $7.5 million or 50.9% compared with June 2017, with growth across all building types, led by apartment building construction and single homes.

Spending was down in Saskatchewan (-$23.7 million), Alberta (-$19.3 million) and Manitoba (-$5.1 million), reflecting lower spending on single home construction.

Despite the continuing year-over-year decline in spending on single family homes, investment in construction for this building type continued to account for the majority of investment in every province except Quebec and British Columbia. Investment in single homes accounted for 33.8% of total investment in Quebec and 39.7% in British Columbia.

Infographic 1  Thumbnail for Infographic 1: New housing construction investment, June 2018
New housing construction investment, June 2018



  Note to readers

Data on investment in new housing construction (including single-family housing, semi-detached housing, row housing, apartments and condominiums) are not seasonally adjusted, and all comparisons in this release are between June 2017 and June 2018.

Data in table 34-10-0012-01 are available at the national and provincial–territorial 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.

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).

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