Infographic 1
Investment in residential building construction, February 2023

Infographic description

The title of the infographic is "Investment in residential building construction, February 2023"

The infographic includes multiple components, such as a map, tables, pictographs and images.

The text on the infographic, as well as the pie chart and map data, is as follows:

Figure 1: Month-to-month change in residential construction investment (seasonally adjusted).

This is a map of Canada by province and territory, showing the month-to-month percentage changes for investment in residential construction. Green arrows represent an increase, while red arrows represent a decrease.

Investment in residential construction in February for Canada increased 1.1% compared with January 2023. Newfoundland and Labrador was down 7.4%, Prince Edward Island was down 5.8%, Nova Scotia was up 15.9%, New Brunswick was down 5.8%, Quebec was up 0.4%, Ontario was up 5.0%, Manitoba was up 1.0%, Saskatchewan was down 11.7%, Alberta was down 6.6%, British Columbia was down 1.8%, Yukon was down 7.9%, Northwest Territories was down 19.3%, Nunavut was down 29.4%.

Table 1: Total investment, millions of dollars (seasonally adjusted).

Total investment for Canada was $14,971.0 million, total investment for Newfoundland and Labrador was $97.6 million, total investment for Prince Edward Island was $31.8 million, total investment for Nova Scotia was $396.8 million, total investment for New Brunswick was $221.1 million, total investment for Quebec was $2,819.0 million, total investment for Ontario was $6,478.4 million, total investment for Manitoba was $468.6 million, total investment for Saskatchewan was $239.1 million, total investment for Alberta was $1,495.0 million, total investment for British Columbia was $2,666.5 million, total investment for Yukon was $20.5 million, total investment for Northwest Territories was $27.2 million, total investment for Nunavut was $9.6 million.

Figure 2: Investment in new residential construction, market share and year-over-year change (not seasonally adjusted).

Single homes: Market share was 36.0%, total investment totalled $2,108.4 million, representing a year-over-year decrease of 11.4% or $270 million.

Semi-detached homes: Market share was 2.8%, total investment totalled $163.3 million, representing a year-over-year decrease of 19.0% or $38.3 million.

Row homes: Market share was 10.9%, total investment totalled $637.8 million, representing a year-over-year increase of 11.0% or $63.3 million.

Condos and rental apartments: Market share was 50.3%, total investment totalled $2,948.1 million, representing a year-over-year increase of 0.5% or $14.2 million.

Note: Single homes value excludes cottages and mobile homes.

Source: Table 34-10-0175-01–Investment in Building Construction.