Infographic 1
Investment in residential building construction, May 2023

Infographic description

The title of the infographic is "Investment in residential building construction, May 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 for Canada decreased 1.7% in May compared with April 2023. Newfoundland and Labrador was down 12.9%, Prince Edward Island was up 8.8%, Nova Scotia was down 15.4%, New Brunswick was up 11.0%, Quebec was down 3.6%, Ontario was down 0.6%, Manitoba was up 0.8%, Saskatchewan was up 9.3%, Alberta was down 4.6%, British Columbia was up 0.0%, Yukon was down 11.7%, Northwest Territories was down 29.9%, Nunavut was up 193.8%.

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

Total investment for Canada was $14,010.7 million, total investment for Newfoundland and Labrador was $83.5 million, total investment for Prince Edward Island was $56.6 million, total investment for Nova Scotia was $469.6 million, total investment for New Brunswick was $244.0 million, total investment for Quebec was $2,545.2 million, total investment for Ontario was $6,037.1 million, total investment for Manitoba was $448.3 million, total investment for Saskatchewan was $262.2 million, total investment for Alberta was $1,276.3 million, total investment for British Columbia was $2,527.2 million, total investment for Yukon was $34.0 million, total investment for Northwest Territories was $19.3 million, total investment for Nunavut was $7.4 million.

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

Single homes: Market share was 35.6% and total investment totalled $2,057.6 million, representing a year-over-year decrease of 27.1% or $763.7 million.

Semi-detached homes: Market share was 2.9% and total investment totalled $169.7 million, representing a year-over-year decrease of 31.3% or $77.1 million.

Row homes: Market share was 11.0% and total investment totalled $637.0 million, representing a year-over-year decrease of 3.2% or $20.9 million.

Condos and rental apartments: Market share was 50.5% and total investment totalled $2,916.7 million, representing a year-over-year increase of 2.0% or $55.9 million.

Note: Single homes value excludes cottages and mobile homes.

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