Infographic 1
Investment in residential building construction, December 2023

Infographic description

The title of the infographic is "Investment in residential building construction, December 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 pointing upward represent an increase, while red arrows pointing downward represent a decrease.

Investment in residential construction for Canada increased 0.3% compared with November 2023. Newfoundland and Labrador was down 8.5%, Prince Edward Island was up 11.9%, Nova Scotia was down 4.4%, New Brunswick was down 5.5%, Quebec was up 4.6%, Ontario was up 1.4%, Manitoba was down 2.8%, Saskatchewan was down 6.9%, Alberta was down 4.8%, British Columbia was up 0.9%, Yukon was down 4.9%, the Northwest Territories was up 4.3%, Nunavut was up 94.2%.

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

Total investment for Canada was $13,762.2 million, total investment for Newfoundland and Labrador was $59.5 million, total investment for Prince Edward Island was $83.9 million, total investment for Nova Scotia was $414.7 million, total investment for New Brunswick was $259.6 million, total investment for Quebec was $2,411.0 million, total investment for Ontario was $5,611.1 million, total investment for Manitoba was $407.1 million, total investment for Saskatchewan was $294.4 million, total investment for Alberta was $1,878.9 million, total investment for British Columbia was $2,310.9 million, total investment for Yukon was $23.0 million, total investment for the Northwest Territories was $3.7 million, total investment for Nunavut was $4.3 million.

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

Single homes: Market share was 32.7%, total investment totalled $2,224.0 million, representing a year-over-year decrease of 15.3% or $400.8 million.

Semi-detached homes: Market share was 2.6%, total investment totalled $175.0 million, representing a year-over-year decrease of 9.5% or $18.4 million.

Row homes: Market share was 9.9%, total investment totalled $676.1 million, representing a year-over-year decrease of 4.3% or $30.5 million.

Condos and rental apartments: Market share was 54.7%, total investment totalled $3,720.3 million, representing a year-over-year increase of 8.3% or $284.8 million.

Note(s): Single homes value excludes cottages and mobile homes.

Source(s): Table 34-10-0286-01 – Investment in Building Construction.