Infographic 1
Investment in residential building construction, August 2023

Infographic description

The title of the infographic is "Investment in residential building construction, August 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 increased 1.6% compared with July 2023. Newfoundland and Labrador was up 28.7%, Prince Edward Island was up 3.7%, Nova Scotia was down 0.4%, New Brunswick was up 0.1%, Quebec was up 7.6%, Ontario was up 1.6%, Manitoba was down 2.9%, Saskatchewan was down 2.4%, Alberta was up 1.4%, British Columbia was down 2.4%, Yukon was down 12.6%, Northwest Territories was down 14.7%, Nunavut was down 21.1%.

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

Total investment for Canada was $11,908.3 million, total investment for Newfoundland and Labrador was $79.3 million, total investment for Prince Edward Island was $82.5 million, total investment for Nova Scotia was $386.3 million, total investment for New Brunswick was $227.4 million, total investment for Quebec was $2,099.7 million, total investment for Ontario was $4,820.5 million, total investment for Manitoba was $294.7 million, total investment for Saskatchewan was $241.3 million, total investment for Alberta was $1,506.2 million, total investment for British Columbia was $2,144.7 million, total investment for Yukon was $16.0 million, total investment for Northwest Territories was $6.1 million, total investment for Nunavut was $3.7 million.

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

Single homes: Market share was 36.3%, total investment totalled $2,484.2 million, representing a year-over-year decrease of 31.3% or $1,129.9 million.

Semi-detached homes: Market share was 2.9%, total investment totalled $200.3 million, representing a year-over-year decrease of 13.9% or $32.4 million.

Row homes: Market share was 11.2%, total investment totalled $764.5 million, representing a year-over-year decrease of 9.0% or $76.0 million.

Condos and rental apartments: Market share was 49.5%, total investment totalled $3,386.8 million, representing a year-over-year decrease of 4.9% or $174.3 million.

Note: Single homes value excludes cottages and mobile homes.

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